Burford Capital (LON:BUR) Shares Cross Below 200-Day Moving Average of $1,161.60

Shares of Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,161.60 ($14.74) and traded as low as GBX 994.10 ($12.61). Burford Capital shares last traded at GBX 1,029 ($13.05), with a volume of 236,081 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,600 ($20.30) price target on shares of Burford Capital in a research note on Tuesday, May 14th.

Burford Capital Trading Up 1.6 %

The stock has a market cap of £2.21 billion, a PE ratio of 489.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02. The stock has a 50-day moving average price of GBX 1,138.01 and a two-hundred day moving average price of GBX 1,159.35. The company has a debt-to-equity ratio of 57.98, a current ratio of 17.36 and a quick ratio of 8.01.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.