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Funding Circle Holdings ( (GB:FCH) ) has shared an update.
Funding Circle Holdings plc has executed a share buy-back transaction, purchasing 10,824 ordinary shares at a price of 136.40 pence each from Investec Bank plc on the London Stock Exchange. This move is part of a previously announced buy-back program, and the company plans to cancel the repurchased shares, reducing its total issued share capital to 310,403,504 ordinary shares. The transaction is in compliance with the Market Abuse Regulation, and it impacts the company’s capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
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.
Funding Circle Holdings plc shows a mixed financial outlook with strengths in technical analysis and corporate actions. While financial recovery is evident, high leverage and expensive valuation are key concerns. The positive corporate events, particularly share buybacks, suggest management’s confidence in improving value.
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 financing, and is known for its innovative approach to business lending.
Average Trading Volume: 521,098
Technical Sentiment Signal: Buy
Current Market Cap: £408.7M
For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.