Funding Circle (LON:FCH) Stock Price Down 8.7% – Here’s Why

Shares of Funding Circle Holdings plc (LON:FCH) were down 8.7% during trading on Tuesday . The company traded as low as GBX 200.50 and last traded at GBX 210. Approximately 15,488,556 shares changed hands during trading, an increase of 723% from the average session volume of 1,881,536 shares. The stock had previously closed at GBX 230.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a GBX 300 price objective on shares of Funding Circle in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Funding Circle from GBX 190 to GBX 290 and gave the company a “buy” rating in a report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 295.

Funding Circle Stock Down 8.7%

The company has a debt-to-equity ratio of 119.79, a current ratio of 1.70 and a quick ratio of 3.33. The stock has a market capitalization of £594.52 million, a P/E ratio of 15.00 and a beta of 0.76. The firm has a 50 day moving average of GBX 213.67 and a 200-day moving average of GBX 166.93.

Funding Circle (LON:FCH) last announced its quarterly earnings data 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%. On average, equities research analysts expect that Funding Circle Holdings plc will post 0.0797592 earnings per share for the current fiscal year.

Funding Circle Company Profile