Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 purchase and cancellation of 100,000 of its own ordinary shares from Investec Bank plc as part of a buy-back program. This transaction, executed on the London Stock Exchange, aims to reduce the company’s share capital to 306,890,079 ordinary shares, potentially impacting shareholder interests and market dynamics.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £132.00 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 a mixed financial performance and bearish technical indicators. The positive earnings call highlights strong growth and customer satisfaction, but macroeconomic challenges and cash flow issues weigh on the score. The valuation is moderate, but the lack of a dividend yield may deter some investors.
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, specializing in peer-to-peer lending platforms that connect small and medium-sized enterprises (SMEs) with investors. The company focuses on providing accessible financing solutions to support the growth and development of SMEs.
Average Trading Volume: 546,236
Technical Sentiment Signal: Buy
Current Market Cap: £368.7M
For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.