Funding Circle (LON:FCH) Stock Rating Reaffirmed by Numis Securities

Funding Circle (LON:FCHGet Rating)‘s stock had its “buy” rating reissued by research analysts at Numis Securities in a note issued to investors on Friday, LSE.Co.UK reports. They presently have a GBX 250 ($3.05) price objective on the stock. Numis Securities’ target price suggests a potential upside of 364.68% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 ($1.46) target price on shares of Funding Circle in a report on Tuesday, February 21st.

Funding Circle Stock Performance

Shares of Funding Circle stock opened at GBX 53.80 ($0.66) on Friday. The firm’s fifty day simple moving average is GBX 58.34 and its 200-day simple moving average is GBX 51.06. The stock has a market capitalization of £194.38 million, a price-to-earnings ratio of -2,690.00 and a beta of 0.82. Funding Circle has a 12 month low of GBX 29.68 ($0.36) and a 12 month high of GBX 82.10 ($1.00). The company has a debt-to-equity ratio of 23.27, a current ratio of 4.39 and a quick ratio of 3.33.

Insider Activity

In related news, insider J Eric Daniels sold 93,919 shares of Funding Circle stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of GBX 53 ($0.65), for a total value of £49,777.07 ($60,666.75). Corporate insiders own 28.47% of the company’s stock.

About Funding Circle

(Get Rating)

Funding Circle Holdings plc, together with its subsidiaries, provides online lending platforms in the United Kingdom, the United States, and internationally. The company offers small business loans, recovery loan schemes, and business finance solutions to small and medium enterprises. It also provides flexipay and flexipay card solutions.

Further Reading

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