Burford Capital (LON:BUR) Stock Price Down 10.4% – Time to Sell?

Burford Capital Limited (LON:BUR) shares traded down 10.4% during trading on Friday . The stock traded as low as GBX 346.62 and last traded at GBX 348.81. 213,224 shares changed hands during trading, a decline of 75% from the average session volume of 843,859 shares. The stock had previously closed at GBX 389.20.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price target on shares of Burford Capital from GBX 1,600 to GBX 500 and set a “buy” rating on the stock in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Burford Capital presently has an average rating of “Buy” and a consensus price target of GBX 500.

Burford Capital Stock Down 14.3%

The firm has a fifty day moving average of GBX 461.35 and a 200-day moving average of GBX 617.22. The company has a quick ratio of 8.01, a current ratio of 1.57 and a debt-to-equity ratio of 87.46. The firm has a market cap of £730.24 million, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24.

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.