Burford Capital (LON:BUR) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BUR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 457.15 and traded as low as GBX 299.40. Burford Capital shares last traded at GBX 300.60, with a volume of 11,108,612 shares changing hands.

Wall Street Analyst Weigh In

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

Burford Capital Trading Down 3.8%

The company has a market capitalization of £658.52 million, a price-to-earnings ratio of -0.41, a P/E/G ratio of 1.09 and a beta of 1.08. The company has a 50-day moving average price of GBX 321.68 and a 200-day moving average price of GBX 457.15. The company has a quick ratio of 8.01, a current ratio of 1.57 and a debt-to-equity ratio of 87.46.

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.