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Funding Circle Holdings ( (GB:FCH) ) just unveiled an announcement.
Funding Circle Holdings plc has repurchased 29,680 of its own ordinary shares on the London Stock Exchange as part of a buy-back program announced earlier this year. This transaction is part of the company’s strategy to manage its share capital and potentially enhance shareholder value. Following the cancellation of these shares, the company’s total issued share capital will consist of 305,050,343 ordinary shares with voting rights, which may affect shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £134.00 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.
The overall stock score of 63.8 reflects a mixed financial performance with positive profitability recovery but challenges in revenue stability and cash flow. The earnings call provided a positive outlook with strong growth metrics, which is a significant factor in the score. Technical analysis suggests caution due to bearish momentum, while valuation is moderate, making the stock reasonably attractive but with some risks.
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 capital, and operates primarily in the UK market.
Average Trading Volume: 622,994
Technical Sentiment Signal: Buy
Current Market Cap: £366.3M
See more data about FCH stock on TipRanks’ Stock Analysis page.