Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An update from Funding Circle Holdings ( (GB:FCH) ) is now available.
Funding Circle Holdings plc has executed a buy-back of 46,830 ordinary shares from Investec Bank plc on the London Stock Exchange, as part of its previously announced share buy-back program. The shares, purchased at an average price of 125.2650 pence, will be canceled, reducing the company’s total issued share capital to 310,777,912 ordinary shares. This move is likely to impact the company’s share value and market perception, as it reflects a strategic effort to optimize capital structure and potentially enhance shareholder value.
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.
The overall score reflects a balanced view of Funding Circle Holdings, with corporate events such as share buybacks positively impacting shareholder value. The technical analysis shows moderate bullish momentum. However, financial challenges related to cash flow and high valuation risks due to the elevated P/E ratio are notable concerns.
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 businesses seeking funding with investors willing to lend.
Average Trading Volume: 542,767
Technical Sentiment Signal: Strong Buy
Current Market Cap: £369.8M
Learn more about FCH stock on TipRanks’ Stock Analysis page.