Funding Circle Holdings PLC 51.0% potential upside indicated by Berenberg Bank

Broker Ratings

Funding Circle Holdings PLC with ticker (LON:FCH) now has a potential upside of 51.0% according to Berenberg Bank.

Berenberg Bank set a target price of 120 GBX for the company, which when compared to the Funding Circle Holdings PLC share price of 59 GBX at opening today (28/02/2023) indicates a potential upside of 51.0%. Trading has ranged between 30 (52 week low) and 82 (52 week high) with an average of 118,535 shares exchanging hands daily. The market capitalisation at the time of writing is £212,807,531.

Funding Circle Holdings plc provides loan platform for small and mid-size enterprises (SMEs). The Company operates in three geographic segments: the United Kingdom, the United States and Developing Markets. The Developing Markets segment includes the Company’s businesses in Germany and the Netherlands. It reinvents small business lending through machine learning, technology, and data. Its 4D system work system includes data accumulation, data engineering, data science, and decision engine platform. The Company’s products include FlexiPay, FlexiPay card, and embedded finance. Its FlexiPay enables businesses to spread any UK invoice or supplier payment over three months, with the initial payment being made upfront on their behalf. Its FlexiPay Card enables small businesses to spend money for up to 30 days interest free, with 1% cashback for those which repay their balance at the end of the month. Its embedded finance offer loans to SMEs within their own Website.

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