Funding Circle Executes Share Buy-Back on London Stock Exchange

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

Funding Circle Holdings plc has executed a buy-back of 26,424 of its own ordinary shares on the London Stock Exchange, as part of a previously announced buy-back program. The shares, purchased at a volume-weighted average price of 124.4632 pence, will be held in treasury, potentially impacting the company’s share capital structure and shareholder voting rights.

The most recent analyst rating on (GB:FCH) stock is a Hold with a £135.00 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 a positive earnings call outlook. The company’s profitability recovery and strong customer satisfaction are significant strengths. However, cash flow challenges, increased leverage, and macroeconomic uncertainties pose risks. Technical indicators suggest a neutral trend, and the valuation is moderate with no dividend yield.

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, focusing on providing loans to small and medium-sized enterprises (SMEs). The company primarily offers a platform that connects businesses seeking financing with investors willing to lend, aiming to facilitate growth and economic development for SMEs.

Average Trading Volume: 636,544

Technical Sentiment Signal: Buy

Current Market Cap: £368.6M

Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.