Shore Capital Group Reiterates Buy Rating for Distribution Finance Capital (LON:DFCH)

Distribution Finance Capital (LON:DFCH)‘s stock had its “buy” rating reiterated by analysts at Shore Capital Group in a report released on Friday,Digital Look reports. They currently have a GBX 90 price target on the stock. Shore Capital Group’s price objective would suggest a potential upside of 37.27% from the company’s current price.

Distribution Finance Capital Stock Up 10.2%

Shares of DFCH traded up GBX 6.07 during midday trading on Friday, hitting GBX 65.57. The company had a trading volume of 1,698,171 shares, compared to its average volume of 265,673. The stock has a market cap of £107.59 million, a price-to-earnings ratio of 7.81 and a beta of 0.88. The company’s 50 day moving average price is GBX 57.22 and its 200 day moving average price is GBX 58.07. The company has a quick ratio of 1.16, a current ratio of -20,564.14 and a debt-to-equity ratio of 13.69. Distribution Finance Capital has a 52 week low of GBX 38 and a 52 week high of GBX 68.

Distribution Finance Capital (LON:DFCH) last posted its quarterly earnings results on Monday, March 23rd. The company reported GBX 8.30 EPS for the quarter. Distribution Finance Capital had a return on equity of 12.38% and a net margin of 20.97%. On average, equities research analysts predict that Distribution Finance Capital will post 2.29 EPS for the current year.

About Distribution Finance Capital

DF Capital is a speciality lender providing flexible financing solutions that support the sales and growth of manufacturers, dealers and distributors operating in attractive underserved retail markets across the UK.

Today, DF Capital supports roughly 1,500 dealers and 100 manufacturers, across the leisure, commercial and powersports sectors and recently launched its asset finance proposition, giving DF Capital access to larger adjacent markets and positioning the group firmly as a multi-product lender.

As a bank, DF Capital’s lending is supported by its award-winning savings products, scalable digital platform, and commitment to exceptional customer service, serving approximately 14,000 customers through its Manchester-based support team.

DF Capital’s goal is simple: to do the best for its customers, its communities, and its people.