Burford Capital (LON:BUR) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Burford Capital's share price recently fell below its 200-day moving average, indicating a potential bearish trend, as it traded as low as GBX 944 ($12.55) before closing at GBX 948.50 ($12.61).
• Analysts at Berenberg Bank maintain a "buy" rating for Burford Capital, with a price target set at GBX 1,600 ($21.27).
• Burford Capital has a market capitalization of £2.63 billion, and key financial ratios include a PE ratio of 17.07 and a debt-to-equity ratio of 77.74.

Shares of Burford Capital Limited (LON:BUR - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,033.83 ($13.90) and traded as low as GBX 944 ($12.70). Burford Capital shares last traded at GBX 948.50 ($12.76), with a volume of 83,489 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,600 ($21.52) price objective on shares of Burford Capital in a report on Thursday, May 8th.

Burford Capital Price Performance

The firm has a market cap of £2.71 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.09 and a beta of 0.94. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74. The business's 50-day simple moving average is GBX 962.65 and its two-hundred day simple moving average is GBX 1,031.80.

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.