Shares of Burford Capital Limited (LON:BUR – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,161.60 ($14.74) and traded as low as GBX 994.10 ($12.61). Burford Capital shares last traded at GBX 1,029 ($13.05), with a volume of 236,081 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,600 ($20.30) target price on shares of Burford Capital in a research note on Tuesday, May 14th.
Read Our Latest Analysis on Burford Capital
Burford Capital Stock Performance
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.
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