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The latest update is out from Funding Circle Holdings ( (GB:FCH) ).
Funding Circle Holdings plc has executed a share buyback transaction, purchasing 48,043 of its own ordinary shares on the London Stock Exchange. This move is part of a previously announced buy-back program, and the company plans to cancel the repurchased shares, reducing its issued share capital to 310,439,402 ordinary shares. This action may impact shareholder calculations for interest notifications under regulatory guidelines.
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’ overall stock score reflects a blend of positive corporate actions and technical signals, offset by concerns over valuation and cash flow challenges. The share buyback program and board changes are significant positives, but financial and valuation concerns limit the score’s upside.
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 businesses in need of financing with investors willing to lend capital.
Average Trading Volume: 507,931
Technical Sentiment Signal: Strong Buy
Current Market Cap: £362.9M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.