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Funding Circle Holdings ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc announced the purchase of 55,717 of its own ordinary shares on the London Stock Exchange as part of a buy-back program. The shares were acquired at a volume-weighted average price of 120.2795 pence per share and will be held in treasury. This transaction is part of the company’s strategy to manage its share capital and potentially enhance shareholder value.
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 offering peer-to-peer lending services. The company focuses on providing small and medium-sized enterprises (SMEs) with access to funding through its online platform, connecting them with investors seeking to lend.
Average Trading Volume: 661,457
Technical Sentiment Signal: Buy
Current Market Cap: £345.1M
See more insights into FCH stock on TipRanks’ Stock Analysis page.