Distribution Finance Capital (LON:DFCH) Sets New 1-Year High – Here’s Why

Distribution Finance Capital Holdings plc (LON:DFCH)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 70 and last traded at GBX 70, with a volume of 447409 shares traded. The stock had previously closed at GBX 67.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 90 price target on shares of Distribution Finance Capital in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Distribution Finance Capital presently has an average rating of “Buy” and an average price target of GBX 90.

Distribution Finance Capital Price Performance

The company has a market cap of £114.86 million, a price-to-earnings ratio of 8.33 and a beta of 0.87. The company has a current ratio of -20,564.14, a quick ratio of 1.16 and a debt-to-equity ratio of 13.69. The company has a fifty day moving average price of GBX 58.59 and a two-hundred day moving average price of GBX 59.25.

About Distribution Finance Capital

DF Capital is a speciality lender providing flexible financing solutions that support the sales and growth of manufacturers, dealers and distributors operating in attractive underserved retail markets across the UK.

Today, DF Capital supports roughly 1,500 dealers and 100 manufacturers, across the leisure, commercial and powersports sectors and recently launched its asset finance proposition, giving DF Capital access to larger adjacent markets and positioning the group firmly as a multi-product lender.

As a bank, DF Capital’s lending is supported by its award-winning savings products, scalable digital platform, and commitment to exceptional customer service, serving approximately 14,000 customers through its Manchester-based support team.

DF Capital’s goal is simple: to do the best for its customers, its communities, and its people.