Funding Circle’s (FCH) Buy Rating Reaffirmed at Numis Securities

Funding Circle (LON:FCH – Get Rating)‘s stock had its “buy” rating reissued by analysts at Numis Securities in a research note issued on Friday, LSE.Co.UK reports. They presently have a GBX 250 ($3.05) target price on the stock. Numis Securities’ price target would indicate a potential upside of 364.68% from the company’s current price.

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

Funding Circle Stock Up 2.5 %

FCH opened at GBX 53.80 ($0.66) on Friday. The firm has a 50 day moving average price of GBX 58.34 and a 200 day moving average price of GBX 51.06. The company has a market cap of £194.38 million, a PE ratio of -2,690.00 and a beta of 0.82. Funding Circle has a 1 year low of GBX 29.68 ($0.36) and a 1 year high of GBX 82.10 ($1.00). The company has a debt-to-equity ratio of 23.27, a quick ratio of 3.33 and a current ratio of 4.39.

Insiders Place Their Bets

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

About Funding Circle

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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.