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Funding Circle Holdings ( (GB:FCH) ) has shared an announcement.
Funding Circle Holdings has repurchased 64,651 ordinary shares on the London Stock Exchange as part of its ongoing buyback programme, paying a volume-weighted average price of 155.94p per share. The company intends to hold these shares in treasury, reflecting continued execution of a capital management strategy aimed at optimising its balance sheet.
Following this transaction, Funding Circle now holds 3,923,703 ordinary shares in treasury and has 300,817,873 ordinary shares in issue excluding treasury, giving total issued share capital of 304,741,576 shares. The updated total voting rights figure provides shareholders with a new denominator for regulatory disclosure calculations under the FCA’s transparency rules.
The most recent analyst rating on (GB:FCH) stock is a Buy with a £192.00 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.
The score is driven by improving profitability and a solid balance sheet, supported by a constructive and growth-oriented earnings outlook. It is held back by negative operating/free cash flow, overbought technical signals that raise near-term pullback risk, and a valuation that is not particularly cheap (P/E 25) without dividend support.
To see Spark’s full report on GB:FCH stock, click here.
More about Funding Circle Holdings
Funding Circle Holdings plc is a UK-based financial technology company focused on online lending for small and medium-sized enterprises. Listed on the London Stock Exchange, it operates a marketplace platform that connects businesses seeking finance with a range of investors, targeting the SME funding gap in the UK and other selected markets.
Average Trading Volume: 744,355
Technical Sentiment Signal: Buy
Current Market Cap: £442.4M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.