Funding Circle Executes Share Buy-Back on LSE

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

Funding Circle Holdings plc has executed a buy-back of 64,943 of its own ordinary shares on the London Stock Exchange, as part of a previously announced buy-back program. The shares, purchased at an average price of 125.1038 pence per share, will be held in treasury, increasing the company’s treasury shares to 1,880,792. This move is part of Funding Circle’s strategy to manage its capital structure and potentially enhance shareholder value.

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, specializing in providing loans to small and medium-sized enterprises (SMEs). The company focuses on facilitating business growth by offering accessible funding solutions through its online lending platform.

Average Trading Volume: 552,954

Technical Sentiment Signal: Buy

Current Market Cap: £354.3M

See more data about FCH stock on TipRanks’ Stock Analysis page.