HSBC Begins Coverage on Funding Circle (FCH)

Analysts at HSBC initiated coverage on shares of Funding Circle (LON:FCH) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage set a “buy” rating and a GBX 310 ($4.05) price target on the stock. HSBC’s target price points to a potential upside of 12.93% from the company’s current price.

Separately, Barclays began coverage on shares of Funding Circle in a report on Thursday, January 31st. They set an “equal weight” rating and a GBX 338 ($4.42) price target for the company.

Shares of Funding Circle stock opened at GBX 274.50 ($3.59) on Thursday. Funding Circle has a 1-year low of GBX 216 ($2.82) and a 1-year high of GBX 440 ($5.75). The company has a market cap of $913.83 million and a PE ratio of -15.08.

Funding Circle Company Profile

Funding Circle Holdings Plc, through its subsidiaries, provides online lending platforms in the United Kingdom, the United States, Germany, and the Netherlands. Its platforms allow retail and accredited investors, banks, asset management companies, insurance companies, and government-backed entities and funds to provide business loans for small and medium sized businesses.

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