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Howden Joinery ( (GB:HWDN) ) has issued an update.
Howden Joinery Group PLC announced a transaction involving the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 865.48 pence per share. This move is part of the company’s ongoing buyback program, which affects the total number of shares in issue and the voting rights within the company, potentially impacting shareholder interests and market perceptions.
The most recent analyst rating on (GB:HWDN) stock is a Hold with a £900.00 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 strong financial performance and effective cash management are the most significant factors contributing to its score. Technical analysis presents mixed signals, with short-term momentum showing potential overbought conditions. Valuation is fair, with a moderate P/E ratio and reasonable dividend yield. The earnings call highlights both strengths in sales growth and challenges in operating costs, maintaining a balanced outlook.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Average Trading Volume: 1,547,778
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.64B
For detailed information about HWDN stock, go to TipRanks’ Stock Analysis page.