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Funding Circle Holdings ( (GB:FCH) ) has issued an update.
Funding Circle Holdings plc has executed a share buyback transaction, purchasing 60,281 of its own ordinary shares on the London Stock Exchange at an average price of 124.7019 pence per share. This move is part of a previously announced buy-back program, and the acquired shares will be held in treasury, impacting the company’s share capital and potentially influencing shareholder value.
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 a platform for small and medium-sized enterprises (SMEs) to access funding. The company facilitates peer-to-peer lending, connecting businesses with investors to support their financial needs.
Average Trading Volume: 619,760
Technical Sentiment Signal: Buy
Current Market Cap: £358.1M
See more insights into FCH stock on TipRanks’ Stock Analysis page.