Burford Capital (LON:BUR) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Shares fell below the 200-day moving average: Burford traded as low as GBX 356.40 and last at GBX 378, passing under its 200‑day MA of GBX 629.40 on volume of 10,307,752 shares, signaling technical weakness.
• Analyst view: Berenberg cut its target from GBX 1,600 to GBX 500 but maintained a "buy" rating, and the consensus rating remains "Buy" with a consensus target of GBX 500.
• Key fundamentals: Market cap is £827.43 million with a P/E of 13.5 and a high debt‑to‑equity ratio of 87.46, indicating leverage despite positive earnings metrics.

Shares of Burford Capital Limited (LON:BUR - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 629.40 and traded as low as GBX 356.40. Burford Capital shares last traded at GBX 378, with a volume of 10,307,752 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their target price on Burford Capital from GBX 1,600 to GBX 500 and set a "buy" rating on the stock in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 500.

Burford Capital Price Performance

The stock has a market capitalization of £827.43 million, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.09 and a beta of 1.24. The company has a fifty day simple moving average of GBX 479.56 and a 200 day simple moving average of GBX 629.40. The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57.

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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