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The latest announcement is out from Funding Circle Holdings ( (GB:FCH) ).
Funding Circle Holdings plc has executed a buy-back of its own shares, purchasing 98,881 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 plans to cancel the repurchased shares, reducing its issued share capital to 306,541,226 ordinary shares. This move is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, which can potentially increase earnings per share and improve 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 is a company operating in the financial services industry, primarily focused on providing loans to small and medium-sized enterprises (SMEs). The company facilitates peer-to-peer lending, connecting businesses in need of capital with investors willing to lend.
Average Trading Volume: 590,288
Technical Sentiment Signal: Buy
Current Market Cap: £350.5M
See more insights into FCH stock on TipRanks’ Stock Analysis page.