Burford Capital (LON:BUR) Stock Falls 7.1% – Time to Sell?

Shares of Burford Capital Limited (LON:BUR) fell 7.1% on Friday. The stock traded as low as GBX 265.60 and last traded at GBX 268.40. 243,317 shares changed hands during trading, a decline of 68% from the average daily volume of 767,633 shares. The stock had previously closed at GBX 288.80.

Analyst Upgrades and Downgrades

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

Burford Capital Trading Down 7.1%

The firm has a market cap of £589.37 million, a P/E ratio of -0.35, a P/E/G ratio of 1.09 and a beta of 1.06. The business’s 50-day moving average is GBX 311.99 and its two-hundred day moving average is GBX 341.99. The company has a debt-to-equity ratio of 294.89, a current ratio of 3.20 and a quick ratio of 8.01.

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.