Funding Circle Executes Share Buy-Back, Cancels 45,212 Shares

Funding Circle Holdings ( (GB:FCH) ) just unveiled an announcement.

Funding Circle Holdings plc has executed a buy-back of 45,212 ordinary shares on the London Stock Exchange as part of its previously announced share repurchase program. The shares were purchased at a volume-weighted average price of 123.29 pence per share and will be cancelled, reducing the company’s issued share capital to 305,080,023 ordinary shares with voting rights. This move is likely to impact the company’s share value and market perception, as it reflects a strategic decision to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:FCH) stock is a Hold with a £132.00 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 is driven by a mixed financial performance and bearish technical indicators. The positive earnings call highlights strong growth and customer satisfaction, but macroeconomic challenges and cash flow issues weigh on the score. 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). The company is known for its peer-to-peer lending platform that connects investors with businesses seeking funding, thereby facilitating access to capital for growth and development.

Average Trading Volume: 621,558

Technical Sentiment Signal: Buy

Current Market Cap: £358.3M

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