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Funding Circle Holdings ( (GB:FCH) ) just unveiled an announcement.
Funding Circle Holdings plc has executed a buy-back of 37,689 ordinary shares from Investec Bank plc on the London Stock Exchange, as part of a previously announced share buy-back program. This transaction, which involved a volume-weighted average price of 124.4980p per share, will result in the cancellation of the repurchased shares, reducing the company’s issued share capital to 310,824,742 ordinary shares. This strategic move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
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’s stock is supported by strong technical momentum and positive corporate events like share buybacks and executive appointments, which enhance shareholder value and market perception. However, financial performance is mixed with concerns over cash flow and revenue volatility, and the stock appears overvalued with a high P/E ratio and no dividend yield.
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 through its platform, connecting investors with businesses seeking capital.
Average Trading Volume: 560,170
Technical Sentiment Signal: Strong Buy
Current Market Cap: £371.7M
See more data about FCH stock on TipRanks’ Stock Analysis page.