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An update from Howden Joinery ( (GB:HWDN) ) is now available.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 ordinary shares at an average price of 826.67 pence per share, as part of its ongoing share buyback program. This transaction, conducted through Barclays Bank PLC, reduces the total number of shares in issue to 541,160,017, excluding treasury shares, and impacts the company’s total voting rights, potentially affecting shareholder interests and market positioning.
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 manufacturing and retail industry, primarily focusing on the production and sale of kitchen and joinery products. The company is known for its market focus on providing high-quality kitchen solutions to both trade professionals and consumers.
Average Trading Volume: 1,725,122
Technical Sentiment Signal: Buy
Current Market Cap: £4.46B
For a thorough assessment of HWDN stock, go to TipRanks’ Stock Analysis page.