Funding Circle (LON:FCH) Sets New 12-Month High – Time to Buy?

Funding Circle Holdings plc (LON:FCH)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 234 and last traded at GBX 233, with a volume of 83032 shares traded. The stock had previously closed at GBX 229.

Wall Street Analysts Forecast Growth

A number of 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 research note on Tuesday, July 21st. Shore Capital Group upgraded shares of Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 300.

Funding Circle Trading Up 2.2%

The firm has a market capitalization of £663.40 million, a PE ratio of 16.71 and a beta of 0.71. The firm has a 50 day simple moving average of GBX 157.92 and a 200 day simple moving average of GBX 149. The company has a current ratio of 1.70, a quick ratio of 3.33 and a debt-to-equity ratio of 119.79.

Insiders Place Their Bets

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

Funding Circle Company Profile