Funding Circle Executes Share Buy-Back to Reduce Capital

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

Funding Circle Holdings plc has executed a share buy-back transaction, purchasing 26,929 of its own ordinary shares on the London Stock Exchange. This move is part of a previously announced buy-back program aimed at reducing the company’s share capital, with the purchased shares being canceled. The transaction impacts the company’s issued share capital, which now consists of 311,486,183 ordinary shares with voting rights, potentially affecting shareholder calculations under regulatory guidelines.

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.

The overall score reflects moderate financial performance with strong technical indicators supporting bullish momentum. However, the high P/E ratio indicates potential overvaluation risks. The lack of earnings call data is offset by positive corporate events like share buybacks.

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 technology to facilitate peer-to-peer lending, connecting investors with businesses seeking capital.

Average Trading Volume: 653,916

Technical Sentiment Signal: Strong Buy

Current Market Cap: £365.3M

See more insights into FCH stock on TipRanks’ Stock Analysis page.