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Funding Circle Holdings ( (GB:FCH) ) has provided an update.
Funding Circle Holdings plc has executed a share buyback, purchasing 52,135 of its own ordinary shares from Investec Bank plc on the London Stock Exchange. This move, part of a previously announced buy-back program, aims to cancel the repurchased shares, reducing the company’s issued share capital to 309,763,733 ordinary shares. This transaction is expected to impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:FCH) stock is a Buy with a £1.70 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 shows a mixed investment profile. The strongest positive is the strategic share buybacks, which improve shareholder value. The technical analysis indicates positive momentum, but the high P/E ratio suggests overvaluation. Financial performance reveals profitability improvements but highlights concerns about revenue volatility and cash flow issues.
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 is known for its peer-to-peer lending platform, which connects businesses seeking funding with investors willing to lend.
Average Trading Volume: 536,144
Technical Sentiment Signal: Buy
Current Market Cap: £409.1M
For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.