Distribution Finance Capital (LON:DFCH) Shares Up 8.7% – Still a Buy?

Distribution Finance Capital Holdings plc (LON:DFCH)’s stock price rose 8.7% on Monday . The stock traded as high as GBX 69 and last traded at GBX 69. 537,274 shares changed hands during mid-day trading, an increase of 98% from the average daily volume of 271,896 shares. The stock had previously closed at GBX 63.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating and set a GBX 90 target price on shares of Distribution Finance Capital in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 90.

Distribution Finance Capital Stock Up 8.7%

The company has a fifty day simple moving average of GBX 57.93 and a 200-day simple moving average of GBX 58.73. The company has a quick ratio of 1.16, a current ratio of -20,564.14 and a debt-to-equity ratio of 13.69. The firm has a market cap of £113.22 million, a P/E ratio of 8.21 and a beta of 0.87.

About Distribution Finance Capital

DF Capital is a speciality lender providing flexible financing solutions that support the sales and growth of manufacturers, dealers and distributors operating in attractive underserved retail markets across the UK.

Today, DF Capital supports roughly 1,500 dealers and 100 manufacturers, across the leisure, commercial and powersports sectors and recently launched its asset finance proposition, giving DF Capital access to larger adjacent markets and positioning the group firmly as a multi-product lender.

As a bank, DF Capital’s lending is supported by its award-winning savings products, scalable digital platform, and commitment to exceptional customer service, serving approximately 14,000 customers through its Manchester-based support team.

DF Capital’s goal is simple: to do the best for its customers, its communities, and its people.