Burford Capital (LON:BUR) Stock Price Passes Above 200-Day Moving Average of $0.00

Burford Capital Limited (LON:BUR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1,603.40. Burford Capital shares last traded at $1,586.00, with a volume of 432,564 shares.

BUR has been the subject of several research analyst reports. Canaccord Genuity reduced their price objective on Burford Capital from GBX 1,543 ($20.16) to GBX 1,196 ($15.63) and set a “sell” rating for the company in a research note on Wednesday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,253 ($29.44) price target on shares of Burford Capital in a research report on Monday, March 25th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,070 ($27.05) price target on shares of Burford Capital in a research report on Wednesday, March 13th. Liberum Capital lifted their price target on Burford Capital from GBX 2,300 ($30.05) to GBX 2,470 ($32.27) and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Numis Securities reiterated a “buy” rating and set a GBX 2,300 ($30.05) price target on shares of Burford Capital in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,080 ($27.18).

The stock’s 50-day moving average is GBX 1,557.78. The company has a quick ratio of 2.81, a current ratio of 2.83 and a debt-to-equity ratio of 46.85. The company has a market cap of $3.47 billion and a P/E ratio of 10.55.

About Burford Capital (LON:BUR)

Burford Capital Limited is a global finance company focused on law. The Company provides investment capital, investment management, financing and risk solutions with a focus on the litigation and arbitration sector. The Company’s segments include provision of litigation investment, provision of litigation insurance, exploration of new initiatives related to application of capital to the litigation and arbitration sector until such time as those initiatives mature into full-fledged independent segments and investment management activities.

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