Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Funding Circle Holdings ( (GB:FCH) ) has shared an update.
Funding Circle Holdings plc has executed a buy-back of its own shares, purchasing 81,361 ordinary shares from Investec Bank plc on the London Stock Exchange. This transaction is part of a previously announced buy-back program, and the company intends to cancel the repurchased shares, adjusting its issued share capital to 310,696,551 ordinary shares with voting rights. This move is expected to impact the company’s share capital structure and could influence shareholder interests and market perception.
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 Outperform.
Funding Circle Holdings has a strong valuation and positive technical indicators, supporting its overall stock performance. Despite financial challenges, particularly in cash flow, the company’s strategic initiatives and attractive P/E ratio bolster its investment appeal. Continued focus on improving cash flow and managing leverage will be crucial for sustaining this positive 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, primarily focusing on providing loans to small and medium-sized enterprises (SMEs). The company facilitates peer-to-peer lending, connecting businesses in need of financing with investors willing to lend.
Average Trading Volume: 519,845
Technical Sentiment Signal: Strong Buy
Current Market Cap: £375.2M
See more insights into FCH stock on TipRanks’ Stock Analysis page.