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Funding Circle Holdings ( (GB:FCH) ) has provided an announcement.
Funding Circle Holdings plc has executed a share buy-back program, purchasing 58,720 of its own ordinary shares on the London Stock Exchange from Investec Bank plc. The shares were bought at prices ranging from 120.40p to 123.40p per share, with an average price of 122.3567p, and will be canceled, reducing the company’s issued share capital to 306,151,547 ordinary shares. This move is part of a previously announced buy-back initiative, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £132.00 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 bearish technical indicators. The positive earnings call highlights strong growth and customer satisfaction, but macroeconomic challenges and cash flow issues weigh on the score. The valuation is moderate, but the lack of a dividend yield may deter some investors.
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, connecting investors with businesses seeking capital, and operates primarily in the UK market.
Average Trading Volume: 539,884
Technical Sentiment Signal: Buy
Current Market Cap: £358.8M
See more data about FCH stock on TipRanks’ Stock Analysis page.