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The latest announcement is out from Funding Circle Holdings ( (GB:FCH) ).
Funding Circle Holdings plc has executed a buy-back of its own shares, purchasing 74,713 ordinary shares on the London Stock Exchange from Investec Bank plc. This transaction is part of a previously announced buy-back program, and the company intends to cancel all repurchased shares, reducing its issued share capital to 311,411,470 ordinary shares with voting rights. This move may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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.
The overall score reflects moderate financial performance with strong technical indicators supporting bullish momentum. However, the high P/E ratio indicates potential overvaluation risks. The lack of earnings call data is offset by positive corporate events like share buybacks.
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: 652,395
Technical Sentiment Signal: Strong Buy
Current Market Cap: £365.3M
See more data about FCH stock on TipRanks’ Stock Analysis page.