Burford Capital (LON:BUR) Stock Price Down 7.7% – Here’s Why

Burford Capital Limited (LON:BUR)’s stock price fell 7.7% during trading on Monday. The stock traded as low as GBX 215.80 and last traded at GBX 223. Approximately 783,616 shares traded hands during trading, an increase of 6% from the average session volume of 737,073 shares. The stock had previously closed at GBX 241.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 450 price objective on shares of Burford Capital in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 450.

Burford Capital Stock Performance

The stock has a market cap of £489.70 million, a price-to-earnings ratio of -0.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a debt-to-equity ratio of 294.89, a current ratio of 3.20 and a quick ratio of 8.01. The stock’s 50-day moving average is GBX 299.46 and its 200-day moving average is GBX 319.61.

Burford Capital Company Profile

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.