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Macfarlane ( (GB:MACF) ) has issued an announcement.
Macfarlane Group PLC has announced the purchase and cancellation of 65,000 ordinary shares as part of its ongoing share buyback program. This transaction reduces the company’s total issued share capital to 157,756,491 ordinary shares, impacting the 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 Hold with a £93.00 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 Neutral.
Macfarlane’s strong financial performance is a key strength, supported by effective management of profitability and cash flows. However, the stock’s technical indicators point to bearish momentum, which is a significant risk. The valuation is reasonable, with a solid dividend yield offering additional appeal.
To see Spark’s full report on GB:MACF stock, click here.
More about Macfarlane
Macfarlane Group PLC 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 focuses on designing and producing protective packaging for high-value and fragile products. Headquartered in Glasgow, Scotland, Macfarlane 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: 652,856
Technical Sentiment Signal: Sell
Current Market Cap: £115.1M
Learn more about MACF stock on TipRanks’ Stock Analysis page.