Burford Capital (LON:BUR) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Burford Capital Limited (LON:BUR)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 336.26 and traded as low as GBX 319.80. Burford Capital shares last traded at GBX 321, with a volume of 51,786 shares traded.

Analyst Upgrades and Downgrades

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

Burford Capital Price Performance

The stock has a market cap of £694.89 million, a PE ratio of -0.43, a PEG ratio of 1.09 and a beta of 1.08. The business’s 50-day simple moving average is GBX 336.26 and its 200-day simple moving average is GBX 502. 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.