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Burford Capital (LON:BUR) Shares Pass Below 200 Day Moving Average of $749.63

Defense World ·  Sep 10, 2022 03:42

Burford Capital Limited (LON:BUR – Get Rating)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 749.63 ($9.06) and traded as low as GBX 710.50 ($8.59). Burford Capital shares last traded at GBX 730 ($8.82), with a volume of 172,959 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 820 ($9.91) price target on shares of Burford Capital in a report on Monday, May 16th.

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Burford Capital Stock Performance

The company has a current ratio of 8.03, a quick ratio of 8.01 and a debt-to-equity ratio of 62.13. The company's fifty day moving average is GBX 839.34 and its 200 day moving average is GBX 749.63. The company has a market cap of £1.60 billion and a P/E ratio of 36,500.00.

Burford Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 3rd will be issued a dividend of $0.06 per share. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, November 3rd. Burford Capital's dividend payout ratio is currently 623.88%.

Burford Capital Company Profile

(Get Rating)

Burford Capital Limited, through its subsidiaries, provides legal finance products and services. The company offers asset management services, including core legal finance, complex strategies, and post-settlement finance. The company was incorporated in 2009 and is based in Saint Peter Port, Guernsey.

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