Funding Circle (LON:FCH) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Funding Circle (LON:FCH) had its target price lifted by Canaccord Genuity Group from GBX 308 to GBX 315 in a research note issued to investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 28.31% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 290 price objective on shares of Funding Circle in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 302.50.

Funding Circle Stock Performance

LON:FCH opened at GBX 245.50 on Wednesday. The firm has a market capitalization of £685.79 million, a PE ratio of 12.46 and a beta of 0.82. The company has a quick ratio of 3.33, a current ratio of 1.87 and a debt-to-equity ratio of 105.33. The stock’s 50-day simple moving average is GBX 198.86 and its 200 day simple moving average is GBX 173.34. Funding Circle has a twelve month low of GBX 113.20 and a twelve month high of GBX 252.

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

Insider Activity

In related news, insider Tony Nicol bought 5,289 shares of the business’s stock in a transaction on Friday, September 18th. The stock was acquired at an average price of GBX 188 per share, for a total transaction of £9,943.32. 1.19% of the stock is currently owned by corporate insiders.

Funding Circle Company Profile

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.