Funding Circle (LON:FCH) Shares Up 1.7% – Here’s Why

Funding Circle Holdings plc (LON:FCH)’s share price traded up 1.7% during trading on Friday. The stock traded as high as GBX 191 and last traded at GBX 189.23. 785,482 shares were traded during trading, a decline of 56% from the average session volume of 1,799,907 shares. The stock had previously closed at GBX 186.

Analyst Ratings Changes

A number of brokerages recently issued reports on FCH. Canaccord Genuity Group lifted their price target on shares of Funding Circle from GBX 300 to GBX 308 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 290 price objective on shares of Funding Circle in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Funding Circle presently has an average rating of “Buy” and a consensus target price of GBX 299.

Funding Circle Stock Up 1.7%

The company has a market capitalization of £532.33 million, a price-to-earnings ratio of 9.61 and a beta of 0.82. The stock’s fifty day simple moving average is GBX 211.95 and its two-hundred day simple moving average is GBX 174.40. The company has a debt-to-equity ratio of 105.33, a current ratio of 1.87 and a quick ratio of 3.33.

Funding Circle (LON:FCH) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX 7.60 EPS for the quarter. Funding Circle had a net margin of 22.93% and a return on equity of 26.71%. On average, sell-side analysts predict that Funding Circle Holdings plc will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Funding Circle

In other Funding Circle news, insider Tony Nicol bought 5,289 shares of the business’s stock in a transaction on Friday, September 18th. The shares were purchased at an average price of GBX 188 per share, with a total value of £9,943.32. 1.19% of the stock is owned by corporate insiders.

Funding Circle Company Profile