Burford Capital (LON:BUR) Stock Price Down 7.7% – Here’s What Happened

Shares of Burford Capital Limited (LON:BUR) traded down 7.7% during trading on Monday. The stock traded as low as GBX 215.80 and last traded at GBX 223. 783,616 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 737,073 shares. The stock had previously closed at GBX 241.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 450 price objective on shares of Burford Capital in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 450.

Burford Capital Stock Performance

The company has a market capitalization of £511.85 million, a price-to-earnings ratio of -0.30, a PEG ratio of 1.09 and a beta of 1.06. The stock has a fifty day moving average price of GBX 296.02 and a two-hundred day moving average price of GBX 318.23. The company has a quick ratio of 8.01, a current ratio of 3.20 and a debt-to-equity ratio of 294.89.

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.