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Funding Circle Holdings ( (GB:FCH) ) has shared an update.
Funding Circle Holdings plc has executed a buy-back of 76,723 ordinary shares from Investec Bank plc on the London Stock Exchange, as part of a previously announced share repurchase program. This transaction, aimed at reducing the number of shares in circulation, will result in the cancellation of the repurchased shares, bringing the company’s total issued share capital to 309,687,010 ordinary shares with voting rights. This move is expected to impact the company’s share value and market perception, potentially benefiting shareholders by increasing the value of remaining shares.
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 shows a mixed investment profile. The strongest positive is the strategic share buybacks, which improve shareholder value. The technical analysis indicates positive momentum, but the high P/E ratio suggests overvaluation. Financial performance reveals profitability improvements but highlights concerns about revenue volatility and cash flow issues.
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) through its online lending platform. The company is known for facilitating peer-to-peer lending, connecting investors with businesses seeking capital.
Average Trading Volume: 531,090
Technical Sentiment Signal: Buy
Current Market Cap: £409.1M
See more data about FCH stock on TipRanks’ Stock Analysis page.