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The latest announcement is out from Funding Circle Holdings ( (GB:FCH) ).
Funding Circle Holdings plc has executed a share buyback transaction, purchasing 65,323 ordinary shares on the London Stock Exchange from Investec Bank plc. This move, part of a previously announced buy-back program, will result in the cancellation of the purchased shares, reducing the company’s issued share capital to 306,210,267 ordinary shares. This strategic action is likely to impact the company’s share value and market perception, offering potential benefits to shareholders by increasing the value of remaining shares.
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 technology industry, primarily focusing on providing loans to small and medium-sized enterprises (SMEs) through an online marketplace. The company aims to facilitate business growth by offering accessible and efficient lending solutions to its market segment.
Average Trading Volume: 567,592
Technical Sentiment Signal: Buy
Current Market Cap: £353.1M
Learn more about FCH stock on TipRanks’ Stock Analysis page.