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Funding Circle Holdings ( (GB:FCH) ) has shared an announcement.
Funding Circle Holdings plc has executed a share buyback, purchasing 89,952 of its own ordinary shares on the London Stock Exchange at an average price of 138.3186 pence per share. This move, part of a previously announced buy-back program, aims to cancel the repurchased shares, reducing the total number of shares in circulation to 309,815,868. This action is likely to impact the company’s share capital structure and could influence shareholder value by potentially increasing earnings per share.
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 shows a mixed investment profile. The strongest positive is the strategic share buybacks, which improve shareholder value. The technical analysis indicates positive momentum, but the high P/E ratio suggests overvaluation. Financial performance reveals profitability improvements but highlights concerns about revenue volatility and cash flow issues.
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, focusing on providing loans to small and medium-sized enterprises (SMEs) through an online lending platform. The company is known for facilitating peer-to-peer lending, connecting investors with businesses seeking capital.
Average Trading Volume: 542,943
Technical Sentiment Signal: Buy
Current Market Cap: £387.8M
For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.