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Funding Circle Holdings ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc has executed a buy-back of 98,101 ordinary shares on the London Stock Exchange, as part of a previously announced share repurchase program. This transaction, involving shares purchased from Investec Bank plc, is intended to enhance shareholder value by reducing the total number of shares in circulation, thereby potentially increasing earnings per share and improving market perception.
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) through its online lending platform. The company aims to facilitate business growth by offering accessible financial solutions.
Average Trading Volume: 544,834
Technical Sentiment Signal: Buy
Current Market Cap: £371.8M
Learn more about FCH stock on TipRanks’ Stock Analysis page.