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Funding Circle Holdings ( (GB:FCH) ) has shared an update.
Funding Circle Holdings plc announced the purchase and cancellation of 103,499 ordinary shares as part of its share buy-back program. This transaction, conducted on the London Stock Exchange, is part of a strategy to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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) through its online lending platform. The company is known for facilitating peer-to-peer lending, connecting investors with businesses in need of financing.
Average Trading Volume: 598,181
Technical Sentiment Signal: Buy
Current Market Cap: £361.5M
For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.