Burford Capital (LON:BUR) Stock Price Down 10.9% – Should You Sell?

Shares of Burford Capital Limited (LON:BUR) were down 10.9% on Monday . The stock traded as low as GBX 1,023 ($13.09) and last traded at GBX 1,101 ($14.08). Approximately 184,063 shares changed hands during trading, an increase of 15% from the average daily volume of 159,444 shares. The stock had previously closed at GBX 1,235 ($15.80).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,600 ($20.47) target price on shares of Burford Capital in a report on Friday, November 8th.

Burford Capital Price Performance

The firm has a market capitalization of £2.90 billion, a P/E ratio of 18.85, a P/E/G 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 77.74. The business’s fifty day moving average is GBX 1,120.90 and its 200 day moving average is GBX 1,063.66.

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 it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.