Funding Circle Executes Share Buy-Back to Enhance Capital Structure

An update from Funding Circle Holdings ( (GB:FCH) ) is now available.

Funding Circle Holdings plc has executed a buy-back of 20,029 ordinary shares from Investec Bank plc on the London Stock Exchange, as part of its previously announced share buy-back program. The shares were purchased at a volume-weighted average price of 123.7616 pence per share and will be held in treasury. This transaction increases the company’s treasury shares to 1,462,837, while the total issued share capital stands at 304,741,576 shares. The buy-back is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:FCH) stock is a Hold with a £120.00 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.

Funding Circle Holdings Limited’s overall stock score reflects a mixed financial performance with positive profitability but challenges in revenue stability and cash flow. Technical indicators suggest bearish momentum, while the earnings call provides a positive outlook with strong growth metrics. The valuation is moderate, but the lack of a dividend yield may deter some investors.

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 in need of financing, and is a key player in the alternative finance market.

Average Trading Volume: 627,435

Technical Sentiment Signal: Buy

Current Market Cap: £357.6M

For an in-depth examination of FCH stock, go to TipRanks’ Overview page.