Funding Circle Executes Share Buy-Back to Optimize Capital Structure

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

Funding Circle Holdings plc announced a transaction in its own shares, purchasing 16,611 ordinary shares on the London Stock Exchange as part of a buy-back program. The shares were acquired at a volume-weighted average price of 125.5316 pence per share and will be held in treasury. This move is part of the company’s strategy to manage its share capital, potentially enhancing shareholder value and adjusting the supply of shares in the market.

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) through its online lending platform. The company is known for facilitating peer-to-peer lending, enabling investors to lend directly to businesses, thus offering an alternative to traditional bank loans.

Average Trading Volume: 628,613

Technical Sentiment Signal: Buy

Current Market Cap: £357.6M

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