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An announcement from Macfarlane ( (GB:MACF) ) is now available.
Macfarlane Group PLC announced the purchase and cancellation of 11,750 ordinary shares as part of its ongoing share buyback program, resulting in a total issued share capital of 159,329,900 shares. This move is part of the company’s strategy to manage its capital structure and could potentially impact shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
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, operates in the UK packaging industry. It provides protective packaging products through its Packaging Distribution and Manufacturing Operations divisions. Headquartered in Glasgow, Scotland, the company serves over 20,000 customers across various sectors, including retail e-commerce, consumer goods, and aerospace, employing over 1,000 people across 43 sites in the UK, Ireland, Germany, and the Netherlands.
Average Trading Volume: 336,490
Technical Sentiment Signal: Strong Buy
Current Market Cap: £188.8M
For detailed information about MACF stock, go to TipRanks’ Stock Analysis page.