Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Funding Circle (LON:FCH)

Funding Circle (LON:FCH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 290 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 46.32% from the stock’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on Funding Circle from GBX 300 to GBX 308 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 299.

Funding Circle Stock Down 5.6%

Shares of LON:FCH opened at GBX 198.20 on Wednesday. The firm has a market cap of £561.12 million, a P/E ratio of 14.16 and a beta of 0.76. The company has a quick ratio of 3.33, a current ratio of 1.70 and a debt-to-equity ratio of 119.79. Funding Circle has a 12-month low of GBX 113.20 and a 12-month high of GBX 252. The business has a fifty day simple moving average of GBX 214.90 and a 200 day simple moving average of GBX 167.33.

Funding Circle (LON:FCH) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX 7.60 EPS for the quarter. Funding Circle had a return on equity of 21.54% and a net margin of 20.67%. Analysts predict that Funding Circle will post 0.0797592 earnings per share for the current year.

Funding Circle Company Profile