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An announcement from Funding Circle Holdings ( (GB:FCH) ) is now available.
Funding Circle Holdings plc has executed a share buyback transaction, purchasing 125,000 of its own ordinary shares on the London Stock Exchange through Investec Bank plc. The shares were bought at prices ranging from 118.80p to 122.00p per share, with a volume-weighted average price of 119.3434p. Following this transaction, the company’s issued share capital will consist of 306,765,079 ordinary shares with voting rights. This move is part of a previously announced buyback program, potentially aiming to 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
Average Trading Volume: 566,342
Technical Sentiment Signal: Buy
Current Market Cap: £348.5M
See more data about FCH stock on TipRanks’ Stock Analysis page.