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Funding Circle Holdings ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc has executed a share buyback program, purchasing 59,976 of its own ordinary shares from Investec Bank plc on the London Stock Exchange. The shares were acquired at a volume-weighted average price of 123.4701 pence per share and will be held in treasury. This move is part of a previously announced buy-back initiative, which may enhance shareholder value by reducing the number of shares in circulation and potentially increasing earnings per share.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £135.00 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 a positive earnings call outlook. The company’s profitability recovery and strong customer satisfaction are significant strengths. However, cash flow challenges, increased leverage, and macroeconomic uncertainties pose risks. Technical indicators suggest a neutral trend, and the valuation is moderate with no dividend yield.
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 leverages technology to connect investors with businesses seeking funding, aiming to facilitate economic growth and support the SME sector.
Average Trading Volume: 630,236
Technical Sentiment Signal: Buy
Current Market Cap: £358.1M
See more insights into FCH stock on TipRanks’ Stock Analysis page.