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

Key Points

• Burford Capital shares have fallen below their 200-day moving average of GBX 1,023.67, hitting a low of GBX 1,007 during trading.
• Despite the drop, Berenberg Bank has maintained a buy rating for Burford Capital with a target price set at GBX 1,600.
• The company has a market capitalization of £2.80 billion and notable financial ratios, including a P/E ratio of 18.18 and a debt-to-equity ratio of 77.74.

Burford Capital Limited (LON:BUR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,023.67 ($13.80) and traded as low as GBX 1,007 ($13.58). Burford Capital shares last traded at GBX 1,016 ($13.70), with a volume of 131,870 shares changing hands.

Analyst Upgrades and Downgrades

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

Burford Capital Stock Down 1.2%

The firm's 50-day moving average price is GBX 980.36 and its 200 day moving average price is GBX 1,020.62. The firm has a market capitalization of £2.79 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01.

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.