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An update from Funding Circle Holdings ( (GB:FCH) ) is now available.
Funding Circle Holdings plc has repurchased and canceled 109,385 of its own ordinary shares on the London Stock Exchange as part of a buy-back program announced earlier this year. This transaction reduces the company’s total issued share capital to 304,741,576 ordinary shares, potentially impacting shareholder interests and market positioning by consolidating ownership and possibly enhancing shareholder value.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £128.00 price target. To see the full list of analyst forecasts on Funding Circle Holdings stock, see the GB:FCH Stock Forecast page.
Spark’s Take on GB:FCH Stock
According to Spark, TipRanks’ AI Analyst, GB:FCH is a Neutral.
Funding Circle Holdings Limited’s overall stock score is driven by a positive earnings call highlighting strong revenue and profit growth, despite financial performance concerns due to cash flow challenges and increased leverage. Technical indicators suggest a bearish trend, and the valuation is moderate, with no dividend yield to attract income investors.
To see Spark’s full report on GB:FCH stock, click here.
More about Funding Circle Holdings
Funding Circle Holdings plc operates in the financial services industry, primarily focusing on providing loans to small and medium-sized enterprises (SMEs). The company facilitates peer-to-peer lending, connecting investors with businesses seeking funding, and is listed on the London Stock Exchange.
Average Trading Volume: 640,083
Technical Sentiment Signal: Buy
Current Market Cap: £355.5M
See more insights into FCH stock on TipRanks’ Stock Analysis page.