Funding Circle Executes Share Buy-Back to Optimize Capital Structure

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

Funding Circle Holdings plc has executed a buy-back of its own shares, purchasing 90,442 ordinary shares from Investec Bank plc on the London Stock Exchange. This transaction is part of a previously announced buy-back program, and the company plans to cancel the repurchased shares, resulting in a new total of 312,105,420 ordinary shares with voting rights. This move is likely aimed at optimizing the company’s capital structure and could potentially enhance shareholder value.

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 scores a 57.9, driven primarily by mixed financial performance and technical analysis indicating bearish momentum. The high P/E ratio suggests overvaluation, while recent share buybacks positively impact corporate perception. The company’s future stability hinges on improving cash flow and managing leverage.

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 leverages a technology-driven platform to connect SMEs with investors, facilitating access to capital for business growth.

Average Trading Volume: 790,671

Technical Sentiment Signal: Buy

Current Market Cap: £323M

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