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Funding Circle Holdings ( (GB:FCH) ) has provided an announcement.
Funding Circle Holdings plc has executed a buy-back of 224,852 of its own ordinary shares on the London Stock Exchange, with prices ranging from 118.60p to 121.40p per share. This move, part of a previously announced buy-back program, will reduce the company’s issued share capital to 313,288,410 ordinary shares, potentially impacting shareholder voting rights and interest notifications under regulatory guidelines.
The most recent analyst rating on (GB:FCH) stock is a Buy with a £1.70 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’ overall score reflects a mix of improving profitability and strategic corporate actions, such as share buybacks, which enhance shareholder value. However, challenges like revenue volatility, negative cash flows, and a high P/E ratio contribute to a cautious outlook.
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, specializing in providing loans to small and medium-sized enterprises (SMEs). The company focuses on facilitating peer-to-peer lending through its online platform, connecting businesses seeking funding with investors willing to lend.
Average Trading Volume: 791,816
Technical Sentiment Signal: Strong Buy
Current Market Cap: £358.7M
For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.