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

Key Points

• Burford Capital's stock price fell below its 200-day moving average of GBX 1,037.29, trading as low as GBX 1,011 during recent trading.
• Berenberg Bank has set a new price target of GBX 1,600 with a "buy" rating for Burford Capital, indicating potential upside from current levels.
• The company has a market cap of £2.78 billion and shows robust liquidity with a current ratio of 15.07.

Burford Capital Limited (LON:BUR - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,037.29 ($13.86) and traded as low as GBX 1,011 ($13.51). Burford Capital shares last traded at GBX 1,011 ($13.51), with a volume of 90,895 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 1,600 ($21.38) price target on shares of Burford Capital in a research note on Thursday, May 8th.

Burford Capital Stock Down 0.1%

The firm's 50-day simple moving average is GBX 963.45 and its 200 day simple moving average is GBX 1,037.29. The company has a debt-to-equity ratio of 77.74, a quick ratio of 8.01 and a current ratio of 15.07. The company has a market cap of £2.78 billion, a P/E ratio of 18.07, a PEG ratio of 1.09 and a beta of 0.94.

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.

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