Burford Capital (LON:BUR) Share Price Passes Below 200-Day Moving Average - Here's Why

Burford Capital Limited (LON:BUR - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,038.43 ($13.05) and traded as low as GBX 1,024 ($12.87). Burford Capital shares last traded at GBX 1,042 ($13.10), with a volume of 122,186 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 1,600 ($20.11) price target on shares of Burford Capital in a report on Friday, November 8th.

Burford Capital Stock Performance

The company has a market cap of £2.27 billion, a PE ratio of 765.19, a P/E/G ratio of 1.09 and a beta of 0.94. The stock's 50 day simple moving average is GBX 1,059.21 and its two-hundred day simple moving average is GBX 1,038.43. The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 55.40.

Burford Capital Company Profile

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.