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Funding Circle Holdings ( (GB:FCH) ) has shared an update.
Funding Circle Holdings plc has executed a share buy-back transaction, purchasing 41,825 of its own ordinary shares on the London Stock Exchange at a volume-weighted average price of 123.0076 pence per share. This move is part of the company’s previously announced buy-back program and is intended to hold these shares in treasury, which impacts the total voting rights and share capital structure, potentially influencing shareholder interests and market perception.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £135.00 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 a positive earnings call outlook. The company’s profitability recovery and strong customer satisfaction are significant strengths. However, cash flow challenges, increased leverage, and macroeconomic uncertainties pose risks. Technical indicators suggest a neutral trend, and the valuation is moderate with no dividend yield.
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, focusing on providing loans to small and medium-sized enterprises (SMEs) through its online lending platform. The company is known for facilitating peer-to-peer lending and aims to help businesses access the funding they need to grow.
Average Trading Volume: 633,562
Technical Sentiment Signal: Buy
Current Market Cap: £359.3M
For an in-depth examination of FCH stock, go to TipRanks’ Overview page.