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Funding Circle Holdings ( (GB:FCH) ) just unveiled an update.
Funding Circle Holdings plc announced the repurchase and cancellation of 25,074 of its ordinary shares from Investec Bank plc as part of a buy-back program. This transaction, executed on the London Stock Exchange, will reduce the company’s issued share capital to 310,414,328 ordinary shares with voting rights, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 Holdings’ overall stock score reflects a blend of positive corporate actions and technical signals, offset by concerns over valuation and cash flow challenges. The share buyback program and board changes are significant positives, but financial and valuation concerns limit the score’s upside.
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 aims to facilitate access to finance for businesses, enhancing their growth and development.
Average Trading Volume: 507,455
Technical Sentiment Signal: Strong Buy
Current Market Cap: £362.3M
Learn more about FCH stock on TipRanks’ Stock Analysis page.