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Funding Circle Holdings ( (GB:FCH) ) has shared an announcement.
Funding Circle Holdings plc has announced the repurchase and cancellation of 18,173 ordinary shares from Investec Bank plc as part of its ongoing share buyback program. This transaction, executed on the London Stock Exchange, is aimed at reducing the company’s share capital, which will now consist of 310,385,331 ordinary shares with voting rights. This strategic move is expected to enhance shareholder value and optimize the company’s capital structure.
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’s stock score reflects strong technical momentum and positive corporate actions, including share buybacks. However, high valuation metrics and financial risks due to cash flow challenges and increased leverage weigh down the overall score.
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, specializing in providing loans to small and medium-sized enterprises (SMEs). The company focuses on facilitating peer-to-peer lending through its online platform, connecting businesses with investors seeking to lend capital.
Average Trading Volume: 518,757
Technical Sentiment Signal: Buy
Current Market Cap: £408.7M
See more data about FCH stock on TipRanks’ Stock Analysis page.