Funding Circle (LON:FCH) Sets New 1-Year High – Time to Buy?

Funding Circle Holdings plc (LON:FCHGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 234.50 and last traded at GBX 233.50, with a volume of 860194 shares changing hands. The stock had previously closed at GBX 226.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FCH. Shore Capital Group raised Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 300 price target on shares of Funding Circle in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 300.

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Funding Circle Price Performance

The stock has a market capitalization of £663.40 million, a PE ratio of 16.71 and a beta of 0.71. The stock’s 50 day moving average is GBX 167.98 and its two-hundred day moving average is GBX 152.97. The company has a debt-to-equity ratio of 119.79, a quick ratio of 3.33 and a current ratio of 1.70.

Insider Buying and Selling

In other news, insider Lisa Jacobs bought 1,315 shares of Funding Circle stock in a transaction on Monday, May 18th. The stock was acquired at an average price of GBX 137 per share, with a total value of £1,801.55. Also, insider Tony Nicol bought 1,314 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of GBX 137 per share, for a total transaction of £1,800.18. 1.18% of the stock is owned by corporate insiders.

Funding Circle Company Profile

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