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Funding Circle Holdings ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc has executed a share buyback program, purchasing 64,423 of its own ordinary shares on the London Stock Exchange from Investec Bank plc. This move is part of a previously announced buy-back initiative aimed at consolidating its share capital. The purchased shares will be held in treasury, increasing the total number of treasury shares to 720,292, while the total issued share capital stands at 304,741,576 shares. This action could potentially enhance shareholder value and indicates a strategic effort to manage the company’s capital structure.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £133.00 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 score reflects strong earnings call results and moderate valuation, tempered by mixed financial performance and technical indicators. The positive outlook from the earnings call is a significant strength, but financial and technical challenges need addressing.
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 funding, and operates primarily in the UK market.
Average Trading Volume: 684,406
Technical Sentiment Signal: Strong Buy
Current Market Cap: £396.2M
Learn more about FCH stock on TipRanks’ Stock Analysis page.