Burford Capital (LON:BUR) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Burford Capital Limited (LON:BUR - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,068.92 ($14.32) and traded as high as GBX 1,090 ($14.60). Burford Capital shares last traded at GBX 1,037 ($13.89), with a volume of 411,275 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,600 ($21.43) target price on shares of Burford Capital in a report on Thursday, May 8th.

Burford Capital Trading Down 1.4%

The stock has a market cap of £2.75 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The business has a 50 day moving average of GBX 1,026.54 and a 200-day moving average of GBX 1,068.36. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74.

Burford Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a $0.06 dividend. The ex-dividend date is Thursday, May 22nd. This represents a yield of 0.45%. Burford Capital's dividend payout ratio (DPR) is 17.89%.

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 it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.