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The latest announcement is out from Funding Circle Holdings ( (GB:FCH) ).
Funding Circle Holdings plc has executed a buy-back of 54,999 of its ordinary shares on the London Stock Exchange, purchasing them from Investec Bank plc. This transaction is part of a previously announced buy-back program, and the acquired shares will be held in treasury. The move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £138.00 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’s stock score is driven by positive earnings call insights, including strong growth and customer satisfaction. However, financial performance concerns, particularly cash flow issues, and mixed technical indicators moderate the overall score.
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, focusing on providing peer-to-peer lending services. The company connects small businesses seeking loans with investors willing to lend, primarily through its online platform.
Average Trading Volume: 667,432
Technical Sentiment Signal: Buy
Current Market Cap: £365.7M
For an in-depth examination of FCH stock, go to TipRanks’ Overview page.