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An announcement from Funding Circle Holdings ( (GB:FCH) ) is now available.
Funding Circle Holdings plc has executed a buy-back of 98,991 of its own ordinary shares on the London Stock Exchange, with the highest price paid per share being 143.80p and the lowest 139.00p. This move is part of a previously announced buy-back program and will result in the cancellation of these shares, reducing the company’s issued share capital to 309,588,019 ordinary shares. The buy-back is expected to impact the company’s share capital structure and may influence shareholder value and market perception.
The most recent analyst rating on (GB:FCH) stock is a Buy with a £1.80 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 strong technical indicators and positive corporate events, particularly the share buyback program. However, the high P/E ratio suggests overvaluation, and financial performance is mixed with concerns over cash flow and leverage. The absence of earnings call data limits insights into future guidance and sentiment.
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 in need of financing with investors willing to lend, thereby supporting the growth and development of SMEs.
Average Trading Volume: 539,770
Technical Sentiment Signal: Buy
Current Market Cap: £410.8M
See more insights into FCH stock on TipRanks’ Stock Analysis page.