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Macfarlane ( (GB:MACF) ) just unveiled an update.
Macfarlane Group PLC has announced the purchase and cancellation of 11,500 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, adjusts the company’s issued share capital to 159,353,500 ordinary shares, impacting the total voting rights available to shareholders. This strategic move is aligned with Macfarlane’s efforts to optimize its capital structure and enhance 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 technical indicators and ongoing share buyback program are the most significant factors boosting the stock score. Its financial stability and attractive valuation further enhance its investment appeal, despite challenges in revenue growth.
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, 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, including retail e-commerce, consumer goods, and aerospace, and employs more than 1,000 people across 43 sites in the UK, Ireland, Germany, and the Netherlands.
Average Trading Volume: 339,100
Technical Sentiment Signal: Strong Buy
Current Market Cap: £188.1M
Learn more about MACF stock on TipRanks’ Stock Analysis page.