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The latest update is out from Howden Joinery ( (GB:HWDN) ).
Howden Joinery Group PLC announced the repurchase and cancellation of 73,607 ordinary shares at an average price of 861.11 pence per share, as part of its ongoing buyback program. This transaction reduces the total number of shares in issue, potentially increasing the value of remaining shares and impacting shareholder voting rights.
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: 1,565,837
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.68B
Find detailed analytics on HWDN stock on TipRanks’ Stock Analysis page.