Burford Capital (LON:BUR) Shares Cross Above 50 Day Moving Average – Here’s Why

Burford Capital Limited (LON:BUR)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,054.60 ($13.19) and traded as high as GBX 1,080 ($13.51). Burford Capital shares last traded at GBX 1,062 ($13.29), with a volume of 174,814 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,600 ($20.02) price objective on shares of Burford Capital in a report on Friday, November 8th.

Burford Capital Stock Down 0.8 %

The firm has a market capitalization of £2.31 billion, a price-to-earnings ratio of 780.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The company has a debt-to-equity ratio of 55.40, a current ratio of 15.07 and a quick ratio of 8.01. The business has a fifty day moving average price of GBX 1,054.60 and a two-hundred day moving average price of GBX 1,033.31.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.