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Funding Circle Holdings ( (GB:FCH) ) has provided an announcement.
Funding Circle Holdings plc has executed a share buyback by purchasing 62,123 of its own ordinary shares on the London Stock Exchange from Investec Bank plc. This transaction is part of a previously announced buy-back program, and the acquired shares will be held in treasury. The move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation, which could positively impact the company’s stock price.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £124.00 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 positive earnings call reflecting strong growth and customer satisfaction. However, financial performance concerns, particularly in cash flow and leverage, along with bearish technical indicators, weigh on the score.
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 through its online platform, connecting investors with businesses seeking funding.
Average Trading Volume: 659,272
Technical Sentiment Signal: Buy
Current Market Cap: £350.3M
Learn more about FCH stock on TipRanks’ Stock Analysis page.