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.
The latest announcement is out from Funding Circle Holdings ( (GB:FCH) ).
Funding Circle Holdings plc announced the repurchase and cancellation of 99,150 of its ordinary shares from Investec Bank plc as part of its ongoing share buy-back program. This transaction aims to reduce the company’s share capital to 310,226,936 ordinary shares, potentially enhancing shareholder value and optimizing 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 shows strong technical momentum and positive corporate actions, such as share buybacks and governance changes, which bolster its stock score. However, the high P/E ratio and financial performance challenges, including volatile revenue and negative cash flows, weigh on the overall assessment.
To see Spark’s full report on GB:FCH stock, click here.
More about Funding Circle Holdings
Funding Circle Holdings plc operates within the financial services industry, primarily focusing on providing small and medium-sized enterprises (SMEs) with access to business loans through its online lending platform. The company is a significant player in the peer-to-peer lending market, facilitating connections between investors and borrowers to support business growth.
Average Trading Volume: 520,669
Technical Sentiment Signal: Buy
Current Market Cap: £412.8M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.