Burford Capital (LON:BUR) Stock Passes Below 200 Day Moving Average - Should You Sell?

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.

Analysts Set New Price Targets

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

Burford Capital Trading Up 2.8%

The firm's 50-day simple moving average is GBX 962.65 and its 200 day simple moving average is GBX 1,031.07. The firm has a market cap of £2.71 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74.

About Burford Capital

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.