Burford Capital (LON:BUR) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 471.12 and traded as low as GBX 296.80. Burford Capital shares last traded at GBX 301.60, with a volume of 187,817 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their target price on shares of Burford Capital from GBX 500 to GBX 450 and set a “buy” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 450.

Burford Capital Stock Up 2.1%

The company has a current ratio of 1.57, a quick ratio of 8.01 and a debt-to-equity ratio of 87.46. The stock has a market capitalization of £674.73 million, a price-to-earnings ratio of -0.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. The firm’s 50 day simple moving average is GBX 323.78 and its 200-day simple moving average is GBX 471.12.

About Burford Capital

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.