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An update from Howden Joinery ( (GB:HWDN) ) is now available.
Howden Joinery Group PLC announced a share buyback transaction where it purchased 75,000 of its ordinary shares for cancellation at an average price of 821.25 pence per share. This move reduces the total number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial health and future prospects.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £936.00 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 is driven by its strong financial performance and effective cash management, which are the most significant factors. The earnings call provides a balanced outlook with both achievements and challenges. Technical analysis suggests some bearish momentum, while valuation metrics indicate the stock is fairly valued. The absence of notable corporate events does not impact the score.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Howden Joinery Group PLC operates in the manufacturing and retail industry, primarily focusing on kitchen and joinery products. The company is known for its comprehensive range of kitchen cabinets, appliances, and joinery products, catering to both professional builders and homeowners.
Average Trading Volume: 1,729,168
Technical Sentiment Signal: Buy
Current Market Cap: £4.46B
Find detailed analytics on HWDN stock on TipRanks’ Stock Analysis page.