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Funding Circle Holdings ( (GB:FCH) ) has issued an update.
Funding Circle Holdings plc has repurchased and canceled 71,591 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed at a volume-weighted average price of 125.1414 pence per share, reduces the company’s total issued share capital to 305,726,779 ordinary shares, potentially impacting shareholder voting rights and market perception.
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, primarily focusing on providing loans to small and medium-sized enterprises (SMEs). The company facilitates peer-to-peer lending, connecting investors with businesses in need of financing, and is a key player in the SME lending market.
Average Trading Volume: 582,103
Technical Sentiment Signal: Buy
Current Market Cap: £362.4M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.