Burford Capital (LON:BUR) Sets New 52-Week Low – Should You Sell?

Burford Capital Limited (LON:BUR)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 841.65 ($10.96) and last traded at GBX 848.68 ($11.05), with a volume of 478224 shares traded. The stock had previously closed at GBX 1,086 ($14.14).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,600 ($20.83) target price on shares of Burford Capital in a research report on Friday, August 9th.

Burford Capital Stock Down 14.4 %

The company’s 50 day moving average price is GBX 1,017.47 and its two-hundred day moving average price is GBX 1,063.99. The firm has a market cap of £2.04 billion, a PE ratio of 804.44, a PEG ratio of 1.09 and a beta of 0.94. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 55.40.

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.