Burford Capital (LON:BUR) Stock Crosses Below 200-Day Moving Average - What's Next?

Shares of Burford Capital Limited (LON:BUR - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,044.56 ($14.33) and traded as low as GBX 812.10 ($11.14). Burford Capital shares last traded at GBX 827.50 ($11.36), with a volume of 235,941 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,600 ($21.96) price target on shares of Burford Capital in a research report on Thursday, May 8th.

Burford Capital Price Performance

The stock has a 50-day moving average of GBX 970.29 and a two-hundred day moving average of GBX 1,040.07. The firm has a market cap of £2.36 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth 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.

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.