Burford Capital (LON:BUR) Shares Pass Below 200 Day Moving Average - Here's Why

Burford Capital Limited (LON:BUR - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,055.75 ($13.40) and traded as low as GBX 1,020 ($12.94). Burford Capital shares last traded at GBX 1,053 ($13.36), with a volume of 156,001 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,600 ($20.30) price objective on shares of Burford Capital in a research report on Friday, November 8th.

Burford Capital Stock Performance

The company has a debt-to-equity ratio of 55.40, a quick ratio of 8.01 and a current ratio of 15.07. The business's fifty day moving average price is GBX 1,029.34 and its 200-day moving average price is GBX 1,054.45. The stock has a market cap of £2.33 billion, a PE ratio of 781.48, a P/E/G ratio of 1.09 and a beta of 0.94.

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.