Funding Circle Executes Share Buyback to Reduce Capital

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

Funding Circle Holdings plc has executed a share buyback, purchasing 96,765 of its own ordinary shares on the London Stock Exchange, with plans to cancel them. This move, part of a previously announced buy-back program, will reduce the company’s issued share capital to 312,264,679 ordinary shares, potentially impacting shareholder interests and market dynamics.

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 a company with mixed financial performance and technical weakness, offset by strategic corporate actions to enhance shareholder value. The high P/E ratio and absence of dividends negatively impact the valuation score.

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 in need of funding.

Average Trading Volume: 795,591

Technical Sentiment Signal: Buy

Current Market Cap: £321.9M

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