Burford Capital (LON:BUR) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Burford Capital crossed below its 200-day moving average (200-day MA GBX 647.02), trading as low as GBX 333.20 and last at GBX 338.80 on a volume of 177,508 shares.
• Berenberg cut its target price from GBX 1,600 to GBX 500 but maintained a "buy" rating, and MarketBeat shows a consensus rating of Buy with an average price target of GBX 500.
• Key fundamentals: market cap £742.5 million, P/E 12.11, P/E/G 1.09, debt-to-equity 87.46 and strong liquidity ratios (quick ratio 8.01), and the firm is a global litigation finance and legal asset manager listed on the NYSE and LSE.

Burford Capital Limited (LON:BUR - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 647.02 and traded as low as GBX 333.20. Burford Capital shares last traded at GBX 338.80, with a volume of 177,508 shares traded.

Wall Street Analysts Forecast Growth

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

Burford Capital Trading Up 0.1%

The company has a debt-to-equity ratio of 87.46, a quick ratio of 8.01 and a current ratio of 1.57. The company has a 50-day simple moving average of GBX 514.95 and a 200 day simple moving average of GBX 647.02. The company has a market capitalization of £742.50 million, a P/E ratio of 12.11, a P/E/G ratio of 1.09 and a beta of 1.24.

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.

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