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Macfarlane ( (GB:MACF) ) has shared an update.
Macfarlane Group PLC has executed a share buyback program, purchasing 57,000 ordinary shares for cancellation at a price of 93.40 pence per share. This transaction reduces the company’s total issued share capital to 158,418,365 ordinary shares, which also represents the total voting rights. The share buyback is part of Macfarlane’s strategy to optimize its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:MACF) stock is a Buy with a £109.00 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 stock is supported by strong financial health and an attractive valuation, but faces challenges from negative technical indicators. The effective management of cash flows and strategic share buyback program are positives, though the revenue growth slowdown and bearish technical outlook temper the overall score.
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 and Manufacturing Operations. It is a leading distributor and manufacturer of protective packaging products, serving over 20,000 customers across various sectors including retail e-commerce, consumer goods, and aerospace. Headquartered in Glasgow, Scotland, Macfarlane employs over 1,000 people across 43 sites in the UK, Ireland, Germany, and the Netherlands.
Average Trading Volume: 567,176
Technical Sentiment Signal: Sell
Current Market Cap: £145.5M
See more data about MACF stock on TipRanks’ Stock Analysis page.