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Howden Joinery ( (GB:HWDN) ) has issued an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 ordinary shares at an average price of 832.63 pence per share. This transaction, conducted through Barclays Bank PLC, is part of the company’s ongoing buyback program, which aims to manage the company’s capital structure and enhance shareholder value. Following this transaction, the company holds 2,470,691 shares in treasury, with 541,310,017 shares in issue, which represents the total voting rights in the company.
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, focusing on providing kitchen and joinery products. The company is known for its comprehensive range of kitchens, joinery, and associated products, catering primarily to the trade market.
Average Trading Volume: 1,744,026
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.52B
For an in-depth examination of HWDN stock, go to TipRanks’ Overview page.