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Funding Circle Holdings ( (GB:FCH) ) has provided an update.
Funding Circle Holdings plc has executed a share buyback program, purchasing 28,186 of its own ordinary shares on the London Stock Exchange for cancellation. This move, part of a previously announced buy-back plan, will reduce the company’s total issued share capital to 311,138,891 ordinary shares, potentially impacting shareholder calculations under FCA’s rules.
The most recent analyst rating on (GB:FCH) stock is a Buy with a £1.80 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.
The overall stock score reflects a mixed outlook. Positive momentum and strategic share buybacks bolster the score, but are offset by high valuation concerns and financial performance issues related to cash flow and leverage.
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 that connects investors with businesses seeking funding, aiming to facilitate growth and economic development within the SME sector.
Average Trading Volume: 673,569
Technical Sentiment Signal: Strong Buy
Current Market Cap: £335.1M
For an in-depth examination of FCH stock, go to TipRanks’ Overview page.