Funding Circle Executes Share Buy-Back on LSE

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

Funding Circle Holdings plc has executed a buy-back of 33,225 ordinary shares on the London Stock Exchange, as part of its previously announced share buy-back program. The shares were purchased at a volume-weighted average price of 124.9694p and will be held in treasury, increasing the company’s treasury shares to 1,760,685. This move is likely to impact the company’s share capital structure and could influence shareholder value and voting rights.

The most recent analyst rating on (GB:FCH) stock is a Hold with a £134.00 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 shows a mixed financial performance with positive profitability recovery but challenges in revenue stability and cash flow. The technical indicators suggest a neutral trend, while the valuation is moderate. The earnings call was positive, highlighting growth and customer satisfaction, but macroeconomic challenges remain. The share buyback program is a positive corporate event, indicating confidence in the company’s future.

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) through its online lending platform. The company aims to facilitate access to capital for businesses that may not easily obtain traditional bank loans, thereby supporting economic growth and entrepreneurship.

Average Trading Volume: 596,658

Technical Sentiment Signal: Buy

Current Market Cap: £362.6M

For an in-depth examination of FCH stock, go to TipRanks’ Overview page.