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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 100,000 of its own ordinary shares from Investec Bank plc, with the highest price paid per share being 149.40p and the lowest at 143.60p. This transaction is part of a previously announced buy-back program, and the company plans to cancel the repurchased shares, reducing its issued share capital to 307,576,474 ordinary shares. This move could potentially enhance shareholder value and indicates a strategic effort to optimize the company’s capital structure.
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 industry, providing peer-to-peer lending services primarily focused on small and medium-sized enterprises (SMEs). The company facilitates loans by connecting borrowers with investors, aiming to offer more accessible financing options for businesses.
Average Trading Volume: 531,543
Technical Sentiment Signal: Buy
Current Market Cap: £430.4M
For an in-depth examination of FCH stock, go to TipRanks’ Overview page.