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Funding Circle Holdings ( (GB:FCH) ) has issued an update.
Funding Circle Holdings plc announced the purchase and cancellation of 248,395 of its own ordinary shares on the London Stock Exchange as part of a buy-back program. This transaction, executed at an average price of 149.5868 pence per share, reduces the company’s issued share capital to 308,380,118 ordinary shares with voting rights. The buy-back is part of a strategic move to optimize the company’s capital structure, potentially enhancing shareholder value and market perception.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £163.00 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 strong corporate actions through share buybacks, indicating a focus on enhancing shareholder value. However, the high P/E ratio suggests overvaluation, and financial performance shows mixed results with cash flow challenges. Technical indicators are positive but suggest caution due to potential overbought conditions.
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) through its online lending platform. The company is known for facilitating peer-to-peer lending, enabling businesses to access financing while offering investors opportunities to lend directly to these enterprises.
Average Trading Volume: 536,394
Technical Sentiment Signal: Buy
Current Market Cap: £457M
Learn more about FCH stock on TipRanks’ Stock Analysis page.