Funding Circle Executes Share Buyback Program

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

Funding Circle Holdings plc has executed a share buyback, purchasing 90,165 ordinary shares from Investec Bank plc on the London Stock Exchange. This transaction is part of a previously announced buyback program aimed at reducing the company’s share capital. Following the cancellation of these shares, the company’s issued share capital will consist of 312,628,048 ordinary shares with voting rights. This move is expected to impact the company’s capital structure and could influence shareholder value, aligning with regulatory requirements under the Market Abuse Regulation.

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 shows a mixed outlook with financial recovery in profitability but challenges due to revenue volatility and cash flow issues. Technical indicators suggest a cautious approach, and the valuation indicates a potential overpricing. However, strategic corporate actions like share buybacks and leadership changes provide some positive momentum.

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, and has a significant market presence in the UK and other regions.

Average Trading Volume: 778,950

Technical Sentiment Signal: Buy

Current Market Cap: £342.7M

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