tiprankstipranks

Funding Circle Executes Share Buy-Back to Enhance Shareholder Value

Story Highlights
Funding Circle Executes Share Buy-Back to Enhance Shareholder Value

Don’t Miss TipRanks’ Half-Year Sale

Funding Circle Holdings ( (GB:FCH) ) has issued an update.

Funding Circle Holdings plc has executed a buy-back of 93,512 ordinary shares on the London Stock Exchange, purchasing them from Investec Bank plc. This transaction is part of a previously announced buy-back program, and the company plans to cancel the repurchased shares. As a result, the company’s issued share capital will now consist of 311,799,480 ordinary shares with voting rights. This move is likely to impact shareholder value and the company’s market position by potentially increasing the value of remaining shares.

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’s stock score of 63 reflects its mixed financial performance and high valuation concerns, balanced by positive technical indicators and strategic corporate actions like share buybacks. The stock’s overvaluation is a significant risk, while the company’s efforts to enhance shareholder value through buybacks and executive incentives offer potential upside.

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) through its online platform. The company is known for facilitating peer-to-peer lending, connecting investors with businesses seeking funding.

Average Trading Volume: 769,401

Technical Sentiment Signal: Strong Buy

Current Market Cap: £356.2M

For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1