Funding Circle (LON:FCH) Stock Price Up 1.1% – Should You Buy?

Funding Circle Holdings plc (LON:FCH) shares were up 1.1% during mid-day trading on Friday . The company traded as high as GBX 232.67 and last traded at GBX 231.50. 954,413 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 1,808,997 shares. The stock had previously closed at GBX 229.

Wall Street Analyst Weigh In

Several research firms have weighed in on FCH. Canaccord Genuity Group restated a “buy” rating and set a GBX 300 price objective on shares of Funding Circle in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Funding Circle from GBX 190 to GBX 290 and gave the stock a “buy” rating in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 295.

Funding Circle Price Performance

The company has a fifty day moving average of GBX 211.99 and a 200-day moving average of GBX 166.30. The firm has a market cap of £655.54 million, a P/E ratio of 16.54 and a beta of 0.75. The company has a debt-to-equity ratio of 119.79, a current ratio of 1.70 and a quick ratio of 3.33.

About Funding Circle