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Macfarlane ( (GB:MACF) ) just unveiled an announcement.
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, reflects the company’s strategic move to manage its share capital effectively. Following this cancellation, the total number of voting rights in the company stands at 159,318,400. This adjustment in share capital is significant for stakeholders as it impacts the calculations for notifying changes in shareholding interests under the FCA’s Disclosure Guidance and Transparency Rules.
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 overall stock score is bolstered by strong financial performance and technical indicators showing positive momentum. The share buyback program adds further confidence in capital management and shareholder value enhancement. While valuation metrics are fair, focusing on revenue growth could further improve the outlook.
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 more than 20,000 customers primarily in the UK and Europe.
Average Trading Volume: 331,329
Technical Sentiment Signal: Strong Buy
Current Market Cap: £183.7M
Find detailed analytics on MACF stock on TipRanks’ Stock Analysis page.