Funding Circle Executes Share Buy-Back to Adjust Capital Structure

Funding Circle Holdings ( (GB:FCH) ) has shared an announcement.

Funding Circle Holdings plc announced the purchase and cancellation of 100,000 of its own ordinary shares on the London Stock Exchange as part of a buy-back program. This move reduces the company’s issued share capital to 311,699,480 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 Limited has a strong corporate event performance due to strategic share buy-backs that enhance shareholder value. However, the high P/E ratio suggests overvaluation, posing a risk unless backed by future growth. The financial performance shows improvement, but cash flow issues persist. Technical indicators support a short-term positive trend, adding optimism to the stock’s outlook.

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 finance, and has a significant presence in the UK market.

Average Trading Volume: 750,879

Technical Sentiment Signal: Strong Buy

Current Market Cap: £356.2M

Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.