Macfarlane Group Executes Share Buyback, Adjusts Voting Rights

Macfarlane ( (GB:MACF) ) has shared an announcement.

Macfarlane Group PLC has announced the purchase and cancellation of 60,000 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, results in a total issued share capital of 157,334,491 ordinary shares, impacting the company’s total voting rights and potentially affecting shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:MACF) stock is a Buy with a £77.00 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 positives. However, technical indicators suggest bearish momentum, and recent corporate events highlight potential risks. The company’s ability to manage these challenges will be crucial for future performance.

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 items. Headquartered in Glasgow, Scotland, Macfarlane Group 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: 626,256

Technical Sentiment Signal: Sell

Current Market Cap: £109.6M

See more insights into MACF stock on TipRanks’ Stock Analysis page.