Funding Circle Executes Share Buyback, Cancels 89,517 Shares

The latest update is out from Funding Circle Holdings ( (GB:FCH) ).

Funding Circle Holdings plc has executed a share buyback transaction, purchasing 89,517 ordinary shares from Investec Bank plc for cancellation. This move, part of a previously announced buyback program, will reduce the company’s total issued share capital to 312,438,531 ordinary shares, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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 overall stock score reflects a balanced view of its financial performance, technical analysis, and corporate events. The company’s strategic actions, such as share buybacks and executive incentives, positively impact its score. However, concerns about valuation and cash flow challenges temper the overall outlook. Improving cash flow and justifying its high valuation remain critical for future performance.

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 technology industry, primarily focusing on providing small and medium-sized enterprises (SMEs) with access to business loans through an online lending platform. The company aims to facilitate efficient financing solutions for businesses by connecting them with investors.

Average Trading Volume: 776,713

Technical Sentiment Signal: Buy

Current Market Cap: £341.4M

For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.