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Funding Circle Holdings ( (GB:FCH) ) has provided an announcement.
Funding Circle Holdings plc has executed a share buyback, purchasing 152,535 ordinary shares on the London Stock Exchange from Investec Bank plc. This transaction, part of a previously announced buy-back program, aims to cancel the acquired shares, reducing the company’s issued share capital to 305,125,235 ordinary shares with voting rights. This strategic move is expected to impact shareholder value and market perception positively, as it reflects the company’s confidence in its financial health and future prospects.
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 leverages technology to facilitate peer-to-peer lending, connecting investors with businesses seeking funding.
Average Trading Volume: 612,015
Technical Sentiment Signal: Buy
Current Market Cap: £358.3M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.