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Funding Circle Holdings ( (GB:FCH) ) just unveiled an announcement.
Funding Circle Holdings plc has executed a share buyback, purchasing 41,560 of its own ordinary shares on the London Stock Exchange at an average price of 139.00 pence per share. This move, part of a buy-back program announced earlier, will reduce the company’s share capital to 310,185,376 ordinary shares, potentially impacting shareholder value and market perception.
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 Outperform.
Funding Circle shows a strong technical outlook and proactive corporate actions through share buybacks, which support shareholder value. However, financial performance is mixed with concerns over cash flow management and high valuation metrics.
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 is known for its peer-to-peer lending platform that connects investors with businesses seeking funding, aiming to facilitate growth and economic development within the SME sector.
Average Trading Volume: 522,678
Technical Sentiment Signal: Buy
Current Market Cap: £414.4M
For an in-depth examination of FCH stock, go to TipRanks’ Overview page.