Funding Circle (LON:FCH) Sets New 1-Year High – Still a Buy?

Funding Circle Holdings plc (LON:FCHGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 222 and last traded at GBX 219.28, with a volume of 4586313 shares trading hands. The stock had previously closed at GBX 194.20.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 300 price target on shares of Funding Circle in a report on Tuesday. Shore Capital Group upgraded Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 300.

View Our Latest Analysis on FCH

Funding Circle Stock Performance

The stock’s 50-day simple moving average is GBX 150.51 and its 200 day simple moving average is GBX 146.11. The company has a market capitalization of £640.72 million, a PE ratio of 16.14 and a beta of 0.71. The company has a debt-to-equity ratio of 119.79, a quick ratio of 3.33 and a current ratio of 1.70.

Insiders Place Their Bets

In other Funding Circle news, insider Lisa Jacobs purchased 1,315 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of GBX 137 per share, with a total value of £1,801.55. Also, insider Tony Nicol acquired 1,314 shares of the stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of GBX 137 per share, with a total value of £1,800.18. Insiders own 1.18% of the company’s stock.

About Funding Circle

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