Funding Circle (LON:FCH) Shares Up 12.5% – Still a Buy?

Funding Circle Holdings plc (LON:FCH) was up 12.5% during mid-day trading on Tuesday. The company traded as high as GBX 238.50 and last traded at GBX 234. 2,239,460 shares were traded during 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 Analyst Weigh In

FCH has been the subject of a number of recent analyst reports. Canaccord Genuity Group lifted 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 290 target price on shares of Funding Circle in a research note on Wednesday, September 9th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 299.

Funding Circle Trading Up 12.5%

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

Funding Circle (LON:FCH) last released its quarterly 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%. As a group, sell-side analysts expect that Funding Circle Holdings plc will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Funding Circle

In other news, insider Tony Nicol bought 5,289 shares of Funding Circle stock in a transaction on Friday, September 18th. The stock was acquired at an average price of GBX 188 per share, with a total value of £9,943.32. 1.19% of the stock is owned by 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.