Burford Capital (LON:BUR) Shares Pass Above Fifty Day Moving Average - What's Next?

Shares of Burford Capital Limited (LON:BUR - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,054.60 ($13.16) and traded as high as GBX 1,080 ($13.47). Burford Capital shares last traded at GBX 1,062 ($13.25), with a volume of 174,814 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 1,600 ($19.96) price objective on shares of Burford Capital in a research report on Friday, November 8th.

Burford Capital Stock Down 2.9 %

The business has a 50-day moving average price of GBX 1,054.68 and a 200 day moving average price of GBX 1,033.18. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 55.40. The stock has a market capitalization of £2.26 billion, a P/E ratio of 763.70, 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.