Burford Capital (LON:BUR) Hits New 1-Year Low – Should You Sell?

Burford Capital Limited (LON:BUR) reached a new 52-week low during trading on Thursday. The company traded as low as GBX 235 and last traded at GBX 249.20, with a volume of 1,472,552 shares. The stock had previously closed at GBX 252.80.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 450 price target on shares of Burford Capital in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 450.

Burford Capital Trading Down 1.4%

The firm has a 50 day simple moving average of GBX 302.28 and a 200 day simple moving average of GBX 320.84. The company has a current ratio of 3.20, a quick ratio of 8.01 and a debt-to-equity ratio of 294.89. The firm has a market capitalization of £547.23 million, a PE ratio of -0.32, a P/E/G ratio of 1.09 and a beta of 1.06.

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.