Funding Circle Executes Share Buyback

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

Funding Circle Holdings plc, a company listed on the London Stock Exchange, has executed a share buyback transaction, purchasing 25,328 of its own ordinary shares from Investec Bank plc. The shares were bought at prices ranging from 122.20p to 124.40p per share, with a volume-weighted average price of 123.5697p. These shares will be held in treasury, bringing the total number of treasury shares to 1,786,013, while the total issued share capital remains at 304,741,576. This move is part of a broader buy-back program announced earlier in the year, and it impacts the total voting rights available to shareholders, potentially influencing shareholder notifications under regulatory guidelines.

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

Average Trading Volume: 582,037

Technical Sentiment Signal: Buy

Current Market Cap: £362.5M

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