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

Funding Circle Holdings plc (LON:FCH) shot up 12.5% during trading on Tuesday. The company traded as high as GBX 238.50 and last traded at GBX 234. Approximately 2,239,460 shares were traded 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FCH shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 290 price target on shares of Funding Circle in a research report on Wednesday, September 9th. Canaccord Genuity Group increased their price objective on shares of Funding Circle from GBX 300 to GBX 308 and gave the company a “buy” rating in a report on Wednesday, September 9th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 299.

Funding Circle Trading Up 12.5%

The stock has a market capitalization of £653.67 million, a price-to-earnings ratio of 11.88 and a beta of 0.82. The company’s 50-day moving average is GBX 198.76 and its 200-day moving average is GBX 173. The company has a quick ratio of 3.33, a current ratio of 1.87 and a debt-to-equity ratio of 105.33.

Funding Circle (LON:FCH) last posted its earnings results on Tuesday, September 8th. The company reported GBX 7.60 earnings per share for the quarter. Funding Circle had a net margin of 22.93% and a return on equity of 26.71%. Research analysts anticipate that Funding Circle Holdings plc will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Funding Circle

In other Funding Circle news, insider Tony Nicol acquired 5,289 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average cost of GBX 188 per share, for a total transaction of £9,943.32. Insiders own 1.19% of the company’s stock.

About Funding Circle

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.