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Howden Joinery ( (GB:HWDN) ) has shared an announcement.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 815.40 pence per share. This transaction, conducted through Barclays Bank PLC, is part of the company’s ongoing buyback program, which aims to optimize its capital structure and enhance shareholder value. Following this purchase, the company holds 2,470,691 shares in treasury and has 540,712,693 shares in issue, impacting the total voting rights available to shareholders.
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 manufacture and sale of kitchens and joinery products. The company serves a wide market, providing products to builders and homeowners, emphasizing quality and service.
Average Trading Volume: 1,681,893
Technical Sentiment Signal: Buy
Current Market Cap: £4.41B
Find detailed analytics on HWDN stock on TipRanks’ Stock Analysis page.