Funding Circle (LON:FCH) Shares Up 2.2% – Here’s Why

Funding Circle Holdings plc (LON:FCH)’s stock price rose 2.2% during trading on Tuesday . The stock traded as high as GBX 150 and last traded at GBX 148.19. Approximately 3,237,344 shares traded hands during trading, an increase of 68% from the average session volume of 1,922,802 shares. The stock had previously closed at GBX 145.

Analysts Set New Price Targets

Separately, Shore Capital Group raised Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Funding Circle currently has a consensus rating of “Buy”.

Funding Circle Price Performance

The firm has a market capitalization of £458.56 million, a P/E ratio of 11.53 and a beta of 0.72. The business’s fifty day moving average is GBX 142.76 and its 200 day moving average is GBX 141.21. 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 at Funding Circle

In other Funding Circle news, insider Tony Nicol purchased 1,314 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of GBX 137 per share, for a total transaction of £1,800.18. Also, insider Lisa Jacobs purchased 1,315 shares of the company’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of GBX 137 per share, for a total transaction of £1,801.55. Insiders own 1.17% of the company’s stock.

About Funding Circle