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Howden Joinery ( (GB:HWDN) ) has provided an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 872.68 pence per share. This transaction, executed through Barclays Bank PLC, is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this buyback, the company holds 2,479,691 shares in treasury, with 540,196,155 shares remaining in issue, which represents the total voting rights. This move is aligned with regulatory requirements and may impact shareholder calculations regarding their interests in the company.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £962.00 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 effective cash management are the most significant factors contributing to its score. Technical analysis presents mixed signals, with short-term momentum showing potential overbought conditions. Valuation is fair, with a moderate P/E ratio and reasonable dividend yield. The earnings call highlights both strengths in sales growth and challenges in operating costs, maintaining a balanced outlook.
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, specializing in the production and sale of kitchen joinery products. The company focuses on providing high-quality kitchen solutions primarily to trade professionals in the UK market.
Average Trading Volume: 1,506,512
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.72B
For detailed information about HWDN stock, go to TipRanks’ Stock Analysis page.