Funding Circle (LON:FCH) Stock Price Down 8.7% – What’s Next?

Funding Circle Holdings plc (LON:FCH)’s stock price was down 8.7% on Tuesday . The company traded as low as GBX 200.50 and last traded at GBX 210. 15,488,556 shares changed hands during mid-day trading, an increase of 723% from the average daily volume of 1,881,536 shares. The stock had previously closed at GBX 230.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FCH shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 300 price objective on shares of Funding Circle in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft boosted their target price 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 MarketBeat, Funding Circle currently has a consensus rating of “Buy” and an average price target of GBX 295.

Funding Circle Stock Down 8.7%

The stock has a market cap of £594.52 million, a P/E ratio of 15.00 and a beta of 0.76. The company has a current ratio of 1.70, a quick ratio of 3.33 and a debt-to-equity ratio of 119.79. The firm’s fifty day moving average is GBX 213.67 and its 200 day moving average is GBX 166.93.

Funding Circle (LON:FCH) last released 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 net margin of 20.67% and a return on equity of 21.54%. As a group, equities research analysts forecast that Funding Circle Holdings plc will post 0.0797592 EPS for the current year.

About Funding Circle