Funding Circle Executes Share Buyback on LSE

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

Funding Circle Holdings plc has executed a share buyback transaction, purchasing 56,530 ordinary shares on the London Stock Exchange from Investec Bank plc. The shares were bought at prices ranging from 119.40p to 123.40p, with a volume-weighted average price of 121.4295p per share. These shares will be held in treasury, and the company now holds a total of 270,892 treasury shares. This move is part of a previously announced buyback program and impacts the company’s total voting rights, which now stand at 304,470,684 shares. The buyback reflects the company’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 £124.00 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 positive earnings call reflecting strong growth and customer satisfaction. However, financial performance concerns, particularly in cash flow and leverage, along with bearish technical indicators, weigh on the score.

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 facilitates peer-to-peer lending, connecting investors with businesses seeking capital, and is a significant player in the alternative finance market.

Average Trading Volume: 656,366

Technical Sentiment Signal: Buy

Current Market Cap: £350.3M

For detailed information about FCH stock, go to TipRanks’ Stock Analysis page.