Funding Circle (LON:FCH) Stock Jumps 1.7% – Still a Buy?

Funding Circle Holdings plc (LON:FCH – Get Free Report)’s share price shot up 1.7% on Friday. The company traded as high as GBX 191 and last traded at GBX 189.23. 785,482 shares changed hands during trading, a decline of 56% from the average daily volume of 1,799,907 shares. The stock had previously closed at GBX 186.

Analyst Ratings Changes

FCH has been the topic of several research reports. Canaccord Genuity Group raised their price objective on Funding Circle from GBX 300 to GBX 308 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 290 target price on shares of Funding Circle in a research report on Wednesday, September 9th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 299.

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Funding Circle Trading Up 1.7%

The business’s 50-day moving average price is GBX 211.95 and its 200 day moving average price is GBX 174.40. 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 capitalization of £532.33 million, a price-to-earnings ratio of 9.61 and a beta of 0.82.

Funding Circle (LON:FCH – Get Free Report) last released its quarterly 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%. On average, equities analysts forecast that Funding Circle Holdings plc will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Funding Circle

In other Funding Circle news, insider Tony Nicol bought 5,289 shares of the stock in a transaction dated Friday, September 18th. The stock was bought at an average cost of GBX 188 per share, for a total transaction of £9,943.32. 1.19% of the stock is owned by corporate insiders.

Funding Circle Company Profile

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