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Howden Joinery ( (GB:HWDN) ) has shared an announcement.
Howden Joinery Group PLC announced a buyback of 75,000 of its ordinary shares, which were purchased through Barclays Bank PLC for cancellation at an average price of 817.67 pence per share. This transaction reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £915.00 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 optimistic earnings call guidance are the most significant factors contributing to the score. The stock’s valuation is fair, with a reasonable P/E ratio and an attractive dividend yield. However, technical analysis indicates a bearish trend, which slightly offsets the positive aspects. Overall, the company is financially robust and strategically positioned for growth, despite market challenges.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Howden Joinery Group PLC operates in the home improvement industry, primarily focusing on the manufacturing and sale of kitchen and joinery products. The company targets the trade market, providing products to builders and contractors.
Average Trading Volume: 1,695,611
Technical Sentiment Signal: Buy
Current Market Cap: £4.36B
Find detailed analytics on HWDN stock on TipRanks’ Stock Analysis page.