Funding Circle (LON:FCH) Sets New 1-Year High – Time to Buy?

Funding Circle Holdings plc (LON:FCH)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 234.50 and last traded at GBX 233.50, with a volume of 860194 shares. The stock had previously closed at GBX 226.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FCH shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 300 price target on shares of Funding Circle in a research note on Tuesday, July 21st. Shore Capital Group raised shares of Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 300.

Funding Circle Stock Performance

The stock has a 50-day moving average of GBX 167.98 and a 200 day moving average of GBX 152.97. The stock has a market cap of £663.40 million, a PE ratio of 16.71 and a beta of 0.71. The company has a quick ratio of 3.33, a current ratio of 1.70 and a debt-to-equity ratio of 119.79.

Insider Buying and Selling at Funding Circle

In other news, insider Tony Nicol acquired 1,314 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of GBX 137 per share, for a total transaction of £1,800.18. Also, insider Lisa Jacobs bought 1,315 shares of Funding Circle stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of GBX 137 per share, for a total transaction of £1,801.55. 1.18% of the stock is owned by insiders.

Funding Circle Company Profile