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Funding Circle Holdings ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc announced the purchase and cancellation of 99,558 of its ordinary shares on the London Stock Exchange as part of a buy-back program. This transaction, executed at a volume-weighted average price of 122.8670p per share, will reduce the company’s issued share capital to 305,517,714 ordinary shares with voting rights. The buy-back initiative reflects the company’s strategy to optimize its capital structure and potentially enhance 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 services industry, primarily focusing on providing loans to small and medium-sized enterprises (SMEs). The company is known for its peer-to-peer lending platform that connects businesses seeking loans with investors willing to lend, thereby facilitating access to capital for businesses and offering investment opportunities for lenders.
Average Trading Volume: 592,865
Technical Sentiment Signal: Buy
Current Market Cap: £365.3M
For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.