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Funding Circle Holdings ( (GB:FCH) ) just unveiled an update.
Funding Circle Holdings plc has executed a share buyback, purchasing 41,461 ordinary shares on the London Stock Exchange from Investec Bank plc. This move is part of a previously announced buy-back program, and the company plans to cancel these shares, reducing its issued share capital to 310,111,473 ordinary shares with voting rights. This action is likely to impact the company’s market positioning by potentially increasing the value of remaining shares and demonstrating confidence in its financial health.
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 facilitates peer-to-peer lending, connecting investors with businesses seeking capital, and is a significant player in the SME lending market.
Average Trading Volume: 519,110
Technical Sentiment Signal: Buy
Current Market Cap: £405.4M
See more data about FCH stock on TipRanks’ Stock Analysis page.