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Macfarlane ( (GB:MACF) ) just unveiled an announcement.
Macfarlane Group PLC announced the purchase and cancellation of 9,000 ordinary shares as part of its share buyback program, resulting in a total issued share capital of 158,718,200 shares. This move is part of the company’s strategy to manage its capital structure and could impact shareholder voting rights and interest notifications under FCA 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 strong financial performance and strategic share buybacks significantly boost its attractiveness. However, technical indicators suggest caution due to bearish trends, offsetting some of the financial positives. Valuation metrics hint at potential undervaluation, but also reflect market concerns.
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 entity 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 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 more than 20,000 customers primarily in the UK and Europe.
Average Trading Volume: 454,976
Technical Sentiment Signal: Sell
Current Market Cap: £158.1M
See more data about MACF stock on TipRanks’ Stock Analysis page.