Burford Capital (LON:BUR) Stock Price Crosses Below Two Hundred Day Moving Average of $1,163.28

Burford Capital Limited (LON:BURGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,163.28 ($14.90) and traded as low as GBX 1,073.71 ($13.76). Burford Capital shares last traded at GBX 1,105 ($14.16), with a volume of 85,059 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,600 ($20.50) price target on shares of Burford Capital in a research note on Tuesday, May 14th.

Get Our Latest Analysis on Burford Capital

Burford Capital Stock Performance

The company has a debt-to-equity ratio of 57.98, a quick ratio of 8.01 and a current ratio of 17.36. The business’s 50-day moving average is GBX 1,196.43 and its 200-day moving average is GBX 1,163.28. The company has a market capitalization of £2.40 billion, a PE ratio of 536.41, a PEG ratio of 1.09 and a beta of 1.02.

Burford Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 0.44%. Burford Capital’s payout ratio is 485.44%.

Burford Capital Company Profile

(Get Free Report)

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.

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