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An announcement from Funding Circle Holdings ( (GB:FCH) ) is now available.
Funding Circle Holdings plc has executed a share buyback, purchasing 15,533 ordinary shares on the London Stock Exchange from Investec Bank plc. The shares, bought at an average price of 121.0716 pence, will be held in treasury, increasing the company’s treasury shares to 1,151,800. This move is part of a previously announced buyback program, potentially enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:FCH) stock is a Hold with a £133.00 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 score reflects strong earnings call results and moderate valuation, tempered by mixed financial performance and technical indicators. The positive outlook from the earnings call is a significant strength, but financial and technical challenges need addressing.
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) through its online lending platform. The company is known for facilitating peer-to-peer lending, connecting investors with businesses in need of funding.
Average Trading Volume: 650,639
Technical Sentiment Signal: Buy
Current Market Cap: £359.8M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.