Funding Circle (LON:FCH) Reaches New 12-Month High – Still a Buy?

Funding Circle Holdings plc (LON:FCHGet Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 239 and last traded at GBX 235.15, with a volume of 227529 shares traded. The stock had previously closed at GBX 234.76.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 300 price objective on shares of Funding Circle in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Funding Circle currently has a consensus rating of “Buy” and a consensus target price of GBX 300.

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Funding Circle Trading Up 1.4%

The company has a debt-to-equity ratio of 119.79, a current ratio of 1.70 and a quick ratio of 3.33. The stock has a market capitalization of £653.42 million, a PE ratio of 16.48 and a beta of 0.75. The stock’s 50 day simple moving average is GBX 178.86 and its two-hundred day simple moving average is GBX 157.20.

Insider Buying and Selling

In other news, insider Lisa Jacobs acquired 1,315 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of GBX 137 per share, for a total transaction of £1,801.55. Also, insider Tony Nicol acquired 1,314 shares of Funding Circle stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of GBX 137 per share, with a total value of £1,800.18. Insiders own 1.18% of the company’s stock.

Funding Circle Company Profile

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Further Reading

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