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Macfarlane ( (GB:MACF) ) has issued an announcement.
Macfarlane Group PLC has announced the purchase and cancellation of 11,800 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, results in a new total of 159,424,050 voting rights in the company, impacting shareholder calculations under FCA regulations. The move reflects Macfarlane’s strategic focus on optimizing its capital structure and enhancing shareholder value.
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 the most significant factors driving its stock score. The technical analysis indicates stable market conditions, and the positive corporate events further enhance its appeal. The lack of recent earnings call data slightly limits the assessment of future guidance.
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, which specializes 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.
Average Trading Volume: 368,300
Technical Sentiment Signal: Strong Buy
Current Market Cap: £190.5M
For detailed information about MACF stock, go to TipRanks’ Stock Analysis page.