Funding Circle (LON:FCH) Stock Price Down 2.1% - What's Next?

Key Points

• Funding Circle shares fell 2.1% to GBX 208 in Friday midday trading, while volume dropped 88% below the average daily level.
• Analysts remain bullish: Canaccord Genuity raised its price target to GBX 308, Deutsche Bank maintained a buy rating with a GBX 290 target, and the consensus target is GBX 299.
• The company reported quarterly EPS of GBX 7.60, a 26.71% return on equity and a 22.93% net margin. Insider Tony Nicol also bought 5,289 shares at GBX 188 each.

Funding Circle Holdings plc (LON:FCH - Get Free Report)'s share price fell 2.1% during mid-day trading on Friday. The company traded as low as GBX 207.50 and last traded at GBX 208. 205,518 shares traded hands during trading, a decline of 88% from the average daily volume of 1,745,379 shares. The stock had previously closed at GBX 212.50.

Analyst Ratings Changes

A number of analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of Funding Circle from GBX 300 to GBX 308 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 290 target price on shares of Funding Circle in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 299.

Funding Circle Stock Performance

The company has a debt-to-equity ratio of 105.33, a quick ratio of 3.33 and a current ratio of 1.87. The stock's 50-day simple moving average is GBX 202.68 and its two-hundred day simple moving average is GBX 170.88. The stock has a market cap of £585.13 million, a price-to-earnings ratio of 10.56 and a beta of 0.82.

Funding Circle (LON:FCH - Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. Funding Circle had a return on equity of 26.71% and a net margin of 22.93%. Analysts forecast that Funding Circle Holdings plc will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Funding Circle

In other news, insider Tony Nicol purchased 5,289 shares of the business's stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of GBX 188 per share, with a total value of £9,943.32. 1.19% of the stock is currently owned by corporate insiders.

About Funding Circle

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.