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Funding Circle Holdings ( (GB:FCH) ) just unveiled an announcement.
Funding Circle Holdings plc has executed a buy-back of 66,239 of its own ordinary shares from Investec Bank plc on the London Stock Exchange, as part of a previously announced buy-back program. The repurchased shares will be canceled, reducing the company’s issued share capital to 305,798,370 ordinary shares with voting rights. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £132.00 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 mixed financial performance and bearish technical indicators. The positive earnings call highlights strong growth and customer satisfaction, but macroeconomic challenges and cash flow issues weigh on the score. The valuation is moderate, but the lack of a dividend yield may deter some 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 technology industry, primarily offering peer-to-peer lending services that connect small and medium-sized enterprises (SMEs) with investors. The company focuses on providing accessible financing solutions to SMEs, enhancing their growth potential and contributing to the broader economic landscape.
Average Trading Volume: 581,465
Technical Sentiment Signal: Buy
Current Market Cap: £367.4M
Learn more about FCH stock on TipRanks’ Stock Analysis page.