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

Funding Circle Holdings plc (LON:FCHGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 222 and last traded at GBX 219.28, with a volume of 4586313 shares changing hands. The stock had previously closed at GBX 194.20.

Wall Street Analyst Weigh In

FCH has been the subject of several research analyst reports. Shore Capital Group raised shares of Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 300 price objective on shares of Funding Circle in a report on Tuesday. Two 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 a consensus target price of GBX 300.

Check Out Our Latest Research Report on Funding Circle

Funding Circle Stock Up 16.4%

The business has a fifty day moving average of GBX 150.51 and a 200 day moving average of GBX 146.11. The company has a market capitalization of £640.72 million, a PE ratio of 16.14 and a beta of 0.71. 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 Activity

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

Funding Circle Company Profile

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