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Howden Joinery ( (GB:HWDN) ) has provided an update.
Howden Joinery Group PLC, a company involved in the manufacturing and retailing of kitchen and joinery products, has announced a transaction involving the repurchase and cancellation of 73,828 of its ordinary shares at an average price of 835.23 pence per share. This move is part of the company’s ongoing share buyback program, which aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value. The transaction leaves the company with 541,385,017 shares in issue, excluding those held as treasury shares, which represents the total voting rights in the company.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £921.00 price target. To see the full list of analyst forecasts on Howden Joinery stock, see the GB:HWDN Stock Forecast page.
Spark’s Take on GB:HWDN Stock
According to Spark, TipRanks’ AI Analyst, GB:HWDN is a Outperform.
Howden Joinery’s overall stock score of 72 reflects its strong financial performance and balanced earnings call, which highlight profitability and strategic growth initiatives. The technical analysis indicates a bearish trend, which slightly offsets the positive aspects. The valuation is fair, with a reasonable P/E ratio and moderate dividend yield. The absence of notable corporate events means the score is primarily driven by financial and operational factors.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Average Trading Volume: 1,731,832
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.48B
See more data about HWDN stock on TipRanks’ Stock Analysis page.