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Macfarlane ( (GB:MACF) ) has provided an update.
Macfarlane Group PLC announced that David Stirling, a Non-Executive Director, purchased 15,900 ordinary shares of the company at a price of 93.568 pence per share. This transaction, conducted on the London Stock Exchange, reflects insider confidence in the company’s operations and future prospects, potentially influencing stakeholder perceptions and market positioning.
The most recent analyst rating on (GB:MACF) stock is a Buy with a £109.00 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 stock is supported by strong financial health and an attractive valuation, but faces challenges from negative technical indicators. The effective management of cash flows and strategic share buyback program are positives, though the revenue growth slowdown and bearish technical outlook temper the overall score.
To see Spark’s full report on GB:MACF stock, click here.
More about Macfarlane
Macfarlane Group PLC, listed on the London Stock Exchange since 1973, is a prominent player in the UK packaging industry. The company operates through two main divisions: Packaging Distribution, a leading UK distributor of protective packaging products, and Manufacturing Operations, which designs and produces protective packaging for high-value and fragile products. Headquartered in Glasgow, Scotland, Macfarlane Group serves over 20,000 customers across various sectors in the UK and Europe, employing over 1,000 people at 43 sites.
Average Trading Volume: 560,424
Technical Sentiment Signal: Sell
Current Market Cap: £148.5M
Learn more about MACF stock on TipRanks’ Stock Analysis page.