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Macfarlane ( (GB:MACF) ) has shared an update.
Macfarlane Group PLC announced the purchase and cancellation of 11,500 ordinary shares as part of its ongoing share buyback program, resulting in a total issued share capital of 159,295,150 shares. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting confidence in its financial health and long-term growth prospects.
The most recent analyst rating on (GB:MACF) stock is a Buy with a £145.00 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 key strengths, supported by effective capital management through share buybacks. Technical indicators are mixed, indicating cautious optimism.
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 with over 70 years of experience. The company operates through two main divisions: Packaging Distribution, which is the leading UK distributor of protective packaging products, and Manufacturing Operations, a market leader in designing and producing protective packaging for high-value and fragile products. Headquartered in Glasgow, Scotland, Macfarlane employs over 1,000 people across 43 sites in the UK, Ireland, Germany, and the Netherlands, serving over 20,000 customers primarily in the UK and Europe across various sectors.
Average Trading Volume: 333,325
Technical Sentiment Signal: Strong Buy
Current Market Cap: £186M
See more insights into MACF stock on TipRanks’ Stock Analysis page.