Funding Circle (LON:FCH) Reaches New 12-Month High Following Analyst Upgrade

Shares of Funding Circle Holdings plc (LON:FCH) reached a new 52-week high during 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 changing hands. The stock had previously closed at GBX 234.

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

Insider Activity

In other news, insider Tony Nicol bought 5,289 shares of the firm’s 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. Corporate insiders own 1.19% of the company’s stock.

Funding Circle Trading Up 7.3%

The company’s 50 day moving average price is GBX 198.86 and its 200 day moving average price is GBX 173.34. The company has a debt-to-equity ratio of 105.33, a current ratio of 1.87 and a quick ratio of 3.33. The firm has a market cap of £701.16 million, a PE ratio of 12.74 and a beta of 0.82.

Funding Circle (LON:FCH) last announced its earnings results 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%. As a group, analysts forecast that Funding Circle Holdings plc will post 0.08 EPS for the current fiscal 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.