Howden Joinery Announces Share Buyback and Cancellation

Howden Joinery ( (GB:HWDN) ) just unveiled an announcement.

Howden Joinery Group PLC has announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 853.02 pence per share. This transaction reduces the number of shares in issue to 546,708,760, which represents the total voting rights in the company, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:HWDN) stock is a Buy with a £930.00 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 stock is well-positioned with strong financial performance and positive technical indicators. The company’s strategic initiatives and share buyback programs boost investor confidence. Despite some market challenges, the overall outlook remains positive with strategic growth initiatives and effective cash management.

To see Spark’s full report on GB:HWDN stock, click here.

More about Howden Joinery

Average Trading Volume: 1,686,757

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.64B

For an in-depth examination of HWDN stock, go to TipRanks’ Stock Analysis page.