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Funding Circle Holdings ( (GB:FCH) ) has issued an update.
Funding Circle Holdings plc has executed a share buy-back transaction, purchasing 48,604 of its own ordinary shares on the London Stock Exchange from Investec Bank plc. This move is part of a previously announced buy-back program, and the acquired shares will be held in treasury, impacting the company’s share capital and voting rights structure.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £124.00 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 reflecting strong growth and customer satisfaction. However, financial performance concerns, particularly in cash flow and leverage, along with bearish technical indicators, weigh on the score.
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) through its online lending platform. The company is known for facilitating peer-to-peer lending, connecting investors with businesses seeking capital.
Average Trading Volume: 669,452
Technical Sentiment Signal: Buy
Current Market Cap: £358.4M
See more insights into FCH stock on TipRanks’ Stock Analysis page.