Burford Capital (LON:BUR) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Burford Capital's shares have crossed above their 200-day moving average, indicating positive momentum; the stock last traded at GBX 1,027 ($13.87).
• Berenberg Bank has reissued a "buy" rating for Burford Capital with a price target of GBX 1,600, contributing to a consensus rating of "Buy" among analysts.
• The company has a market cap of £2.25 billion and notable financial ratios, including a price-to-earnings ratio of 18.37 and a quick ratio of 8.01.

Shares of Burford Capital Limited (LON:BUR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,018.19 ($13.68) and traded as high as GBX 1,035 ($13.91). Burford Capital shares last traded at GBX 1,027 ($13.80), with a volume of 111,701 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,600 price objective on shares of Burford Capital in a research report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Burford Capital presently has a consensus rating of "Buy" and an average price target of GBX 1,600.

Burford Capital Price Performance

The stock has a market cap of £2.16 billion, a price-to-earnings ratio of 17.71, a PEG 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 stock has a 50-day moving average price of GBX 1,006.90 and a two-hundred day moving average price of GBX 1,012.95.

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.