Funding Circle (LON:FCH) Earns Buy Rating from Canaccord Genuity Group

Funding Circle (LON:FCH)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 300 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 30.15% from the stock’s previous close.

Separately, Shore Capital Group raised shares of Funding Circle to a “buy” rating in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 300.

Funding Circle Price Performance

FCH stock opened at GBX 230.50 on Tuesday. The stock’s 50 day moving average is GBX 154.23 and its two-hundred day moving average is GBX 147.54. Funding Circle has a 52-week low of GBX 113.20 and a 52-week high of GBX 232.50. The company has a market capitalization of £653.48 million, a PE ratio of 16.46 and a beta of 0.71. The company has a quick ratio of 3.33, a current ratio of 1.70 and a debt-to-equity ratio of 119.79.

Insider Activity

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

About Funding Circle