Funding Circle (LON:FCH) Price Target Raised to GBX 308

Funding Circle (LON:FCH) had its price objective increased by analysts at Canaccord Genuity Group from GBX 300 to GBX 308 in a research note issued to investors on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 55.40% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Funding Circle from GBX 190 to GBX 290 and gave the stock a “buy” rating in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 299.

Funding Circle Price Performance

Shares of FCH opened at GBX 198.20 on Wednesday. The company’s 50-day moving average is GBX 214.90 and its 200-day moving average is GBX 167.33. The company has a debt-to-equity ratio of 119.79, a current ratio of 1.70 and a quick ratio of 3.33. The firm has a market capitalization of £561.12 million, a PE ratio of 14.16 and a beta of 0.76. Funding Circle has a fifty-two week low of GBX 113.20 and a fifty-two week high of GBX 252.

Funding Circle (LON:FCH) last announced its earnings results on Tuesday, September 8th. The company reported GBX 7.60 EPS for the quarter. Funding Circle had a net margin of 20.67% and a return on equity of 21.54%. Equities analysts forecast that Funding Circle will post 0.0797592 EPS for the current year.

About Funding Circle