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An announcement from Macfarlane ( (GB:MACF) ) is now available.
Macfarlane Group PLC has announced the purchase and cancellation of 9,700 of its own 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 158,667,800 ordinary shares, impacting the total voting rights and potentially affecting shareholder calculations under FCA regulations.
The most recent analyst rating on (GB:MACF) stock is a Buy with a £135.00 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 significant strengths, offset by bearish technical signals. The positive corporate events through an active share buyback program further support shareholder value. However, the technical analysis suggests caution due to current market sentiment.
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 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: 609,744
Technical Sentiment Signal: Sell
Current Market Cap: £157.7M
See more data about MACF stock on TipRanks’ Stock Analysis page.