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Macfarlane ( (GB:MACF) ) has provided an update.
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, reflects the company’s strategy to manage its capital structure effectively. Following this cancellation, the company’s issued share capital consists of 158,475,365 ordinary shares, with the same number of total voting rights. This move is significant for shareholders as it impacts the calculations for notifying changes in their interests under the FCA’s Disclosure Guidance and Transparency Rules.
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 divisions: Packaging Distribution, which is the leading UK distributor of protective packaging products, and Manufacturing Operations, specializing in the design and production of 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 across various sectors including retail e-commerce, consumer goods, and aerospace.
Average Trading Volume: 559,600
Technical Sentiment Signal: Sell
Current Market Cap: £147.4M
See more data about MACF stock on TipRanks’ Stock Analysis page.