Funding Circle Executes Share Buy-Back to Enhance Shareholder Value

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

Funding Circle Holdings plc has executed a buy-back of 68,817 of its own ordinary shares on the London Stock Exchange, as part of a previously announced share buy-back program. The repurchased shares will be canceled, reducing the company’s total issued share capital to 312,195,862 ordinary shares with voting rights. This move is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening the company’s market position.

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 facilitates peer-to-peer lending, connecting investors with businesses seeking funding, and is a significant player in the SME lending market.

Average Trading Volume: 796,579

Technical Sentiment Signal: Buy

Current Market Cap: £323M

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