Funding Circle (LON:FCH) Shares Up 12.5% – Here’s Why

Shares of Funding Circle Holdings plc (LON:FCH) were up 12.5% during mid-day trading on Tuesday. The company traded as high as GBX 238.50 and last traded at GBX 234. 2,239,460 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 1,771,507 shares. The stock had previously closed at GBX 208.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FCH shares. Canaccord Genuity Group boosted their price target on shares of Funding Circle from GBX 308 to GBX 315 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 290 price objective on shares of Funding Circle in a report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 302.50.

Funding Circle Price Performance

The company has a debt-to-equity ratio of 105.33, a quick ratio of 3.33 and a current ratio of 1.87. The business has a fifty day moving average of GBX 199.47 and a 200-day moving average of GBX 173.74. The firm has a market capitalization of £698.36 million, a P/E ratio of 12.69 and a beta of 0.82.

Funding Circle (LON:FCH) last issued its quarterly earnings results on Tuesday, September 8th. The company reported GBX 7.60 EPS for the quarter. Funding Circle had a return on equity of 26.71% and a net margin of 22.93%. On average, sell-side analysts forecast that Funding Circle Holdings plc will post 0.08 EPS for the current fiscal year.

Insider Activity at Funding Circle

In related news, insider Tony Nicol acquired 5,289 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price 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

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.