Burford Capital (LON:BUR) Shares Cross Below Two Hundred Day Moving Average of $1,162.84

Shares of Burford Capital Limited (LON:BUR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,162.84 ($14.78) and traded as low as GBX 1,059 ($13.46). Burford Capital shares last traded at GBX 1,080 ($13.72), with a volume of 103,177 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,600 ($20.33) target price on shares of Burford Capital in a research note on Tuesday, May 14th.

Burford Capital Price Performance

The company has a market cap of £2.37 billion, a PE ratio of 524.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02. The company has a debt-to-equity ratio of 57.98, a quick ratio of 8.01 and a current ratio of 17.36. The stock has a 50 day moving average of GBX 1,172.33 and a 200-day moving average of GBX 1,162.84.

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.