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Funding Circle Holdings ( (GB:FCH) ) has shared an announcement.
Funding Circle Holdings plc has executed a buyback of 92,197 ordinary shares from Investec Bank plc, as part of its previously announced share repurchase program. The shares were purchased at prices ranging from 118.40p to 122.00p and will be canceled, reducing the company’s issued share capital to 306,449,029 ordinary shares. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
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 offering peer-to-peer lending services. The company focuses on providing small and medium-sized enterprises (SMEs) with access to funding through its online platform, connecting them with investors looking for attractive returns.
Average Trading Volume: 592,291
Technical Sentiment Signal: Buy
Current Market Cap: £352.2M
For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.