Funding Circle (LON:FCH) Sets New 12-Month High – Here’s Why

Funding Circle Holdings plc (LON:FCH)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 222 and last traded at GBX 219.28, with a volume of 4586313 shares traded. The stock had previously closed at GBX 194.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FCH shares. Shore Capital Group raised shares of Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 300 price target on shares of Funding Circle in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Funding Circle has an average rating of “Buy” and an average target price of GBX 300.

Funding Circle Stock Down 2.0%

The firm has a market cap of £640.72 million, a P/E ratio of 16.14 and a beta of 0.71. The firm’s 50 day moving average is GBX 154.23 and its two-hundred day moving average is GBX 147.54. The company has a current ratio of 1.70, a quick ratio of 3.33 and a debt-to-equity ratio of 119.79.

Insider Buying and Selling at Funding Circle

In other news, insider Lisa Jacobs purchased 1,315 shares of Funding Circle stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of GBX 137 per share, with a total value of £1,801.55. Also, insider Tony Nicol purchased 1,314 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of GBX 137 per share, with a total value of £1,800.18. Company insiders own 1.18% of the company’s stock.

About Funding Circle