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Funding Circle Holdings ( (GB:FCH) ) has shared an update.
Funding Circle Holdings plc has executed a buy-back of 80,660 ordinary shares from Investec Bank plc on the London Stock Exchange, as part of its previously announced buy-back program. The repurchased shares will be cancelled, reducing the company’s issued share capital to 306,275,590 ordinary shares with voting rights. This move is likely to impact shareholder value and market perception positively, as share buy-backs are often seen as a sign of confidence in the company’s financial health.
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 funding, and is a significant player in the alternative finance market.
Average Trading Volume: 593,435
Technical Sentiment Signal: Buy
Current Market Cap: £353.1M
For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.