Funding Circle (LON:FCH) Given New GBX 315 Price Target at Canaccord Genuity Group

Funding Circle (LON:FCH) had its target price lifted by Canaccord Genuity Group from GBX 308 to GBX 315 in a research note published on Wednesday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Deutsche Bank reiterated a “buy” rating and issued a GBX 290 target price on shares of Funding Circle in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 302.50.

Funding Circle Stock Up 0.8%

FCH stock opened at GBX 243.50 on Wednesday. The stock has a market capitalization of £680.21 million, a PE ratio of 12.36 and a beta of 0.82. Funding Circle has a 52 week low of GBX 113.20 and a 52 week high of GBX 252.50. The company has a quick ratio of 3.33, a current ratio of 1.87 and a debt-to-equity ratio of 105.33. The firm has a 50 day moving average of GBX 199.47 and a 200 day moving average of GBX 173.74.

Funding Circle (LON:FCH) last issued 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 26.71% and a net margin of 22.93%. Sell-side analysts forecast that Funding Circle will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Tony Nicol purchased 5,289 shares of Funding Circle stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average cost of GBX 188 per share, for a total transaction of £9,943.32. Corporate insiders own 1.19% of the company’s stock.

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.