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Macfarlane ( (GB:MACF) ) has provided an update.
Macfarlane Group PLC has announced the purchase and cancellation of 127,874 of its ordinary shares as part of its ongoing share buyback program. This transaction reduces the company’s total issued share capital to 158,050,491 shares, which will be used to determine shareholder voting rights. The move is part of Macfarlane’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £93.00 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 Neutral.
Macfarlane’s strong financial performance is a key strength, supported by effective management of profitability and cash flows. However, the stock’s technical indicators point to bearish momentum, which is a significant risk. The valuation is reasonable, with a solid dividend yield offering additional appeal.
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, which is the leading UK distributor of protective packaging products, and Manufacturing Operations, specializing in the design and production of 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 more than 20,000 customers in various sectors such as retail e-commerce, consumer goods, and aerospace.
Average Trading Volume: 480,238
Technical Sentiment Signal: Sell
Current Market Cap: £137.7M
See more insights into MACF stock on TipRanks’ Stock Analysis page.