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Macfarlane ( (GB:MACF) ) has provided an announcement.
Macfarlane Group PLC has bought back and cancelled 30,000 of its own ordinary shares at 72 pence per share as part of its ongoing share buyback programme, executed via Shore Capital Stockbrokers. Following this transaction, the company’s issued share capital now stands at 157,184,491 ordinary shares, all of which carry voting rights, providing an updated reference point for shareholders assessing their disclosure obligations under UK transparency rules and underscoring Macfarlane’s continued use of capital management tools to adjust its share base.
The most recent analyst rating on (GB:MACF) stock is a Buy with a £77.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Spark’s Take on GB:MACF Stock
According to Spark, TipRanks’ AI Analyst, GB:MACF is a Outperform.
Macfarlane’s strong financial performance and attractive valuation are significant positives. However, technical indicators suggest bearish momentum, and recent corporate events highlight potential risks. The company’s ability to manage these challenges will be crucial for future performance.
To see Spark’s full report on GB:MACF stock, click here.
More about Macfarlane
Macfarlane Group PLC is a long-established UK packaging company listed on the London Stock Exchange since 1973, operating through Packaging Distribution and Manufacturing Operations divisions. It supplies high-quality protective packaging products and bespoke packaging design and manufacturing services to more than 20,000 mainly UK and European customers across sectors including e-commerce, consumer goods, food, logistics, electronics, defence, medical, automotive and aerospace, from a network of 43 sites and partnerships with around 1,700 suppliers.
Average Trading Volume: 587,465
Technical Sentiment Signal: Sell
Current Market Cap: £113M
Find detailed analytics on MACF stock on TipRanks’ Stock Analysis page.