Funding Circle Holdings plc (LON:FCH – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from GBX 308 to GBX 315. Canaccord Genuity Group currently has a buy rating on the stock. Funding Circle traded as high as GBX 252.50 and last traded at GBX 251.32, with a volume of 14,676,659 shares trading hands. The stock had previously closed at GBX 234.
Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 290 target price on shares of Funding Circle in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, Funding Circle currently has an average rating of “Buy” and an average target price of GBX 302.50.
Read Our Latest Analysis on FCH
Insider Buying and Selling at Funding Circle
In other news, insider Tony Nicol bought 5,289 shares of Funding Circle stock in a transaction that occurred 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. Insiders own 1.19% of the company’s stock.
Funding Circle Stock Up 7.3%
The firm’s fifty day simple moving average is GBX 198.86 and its 200 day simple moving average is GBX 173.34. The company has a current ratio of 1.87, a quick ratio of 3.33 and a debt-to-equity ratio of 105.33. The company has a market cap of £701.16 million, a price-to-earnings ratio of 12.74 and a beta of 0.82.
Funding Circle (LON:FCH – Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX 7.60 earnings per share for the quarter. Funding Circle had a net margin of 22.93% and a return on equity of 26.71%. Sell-side analysts predict that Funding Circle Holdings plc will post 0.08 earnings per share for the current year.
Funding Circle Company Profile
Funding Circle (LSE: FCH) is the UK’s leading SME finance platform. Since 2010, we have extended more than £18bn in credit to over 135,000 UK businesses, helping them power the economy and their communities. By combining proprietary AI-powered credit models with a human touch, we provide a seamless experience that allows SMEs to borrow, pay later, and spend through a single ecosystem. For institutional investors, Funding Circle offers access to an attractive, underserved asset class through a platform built on deep data and a proven track record of robust returns.
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