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An update from Funding Circle Holdings ( (GB:FCH) ) is now available.
Funding Circle Holdings plc announced the purchase and cancellation of 100,000 of its own ordinary shares on the London Stock Exchange as part of a buy-back program. This move reduces the company’s total share capital to 307,676,474 ordinary shares, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 business growth by offering accessible financial solutions to SMEs, positioning itself as a key player in the SME lending market.
Average Trading Volume: 538,429
Technical Sentiment Signal: Buy
Current Market Cap: £435.4M
For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.