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Howden Joinery ( (GB:HWDN) ) has issued an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 818.53 pence per share. This transaction is part of the company’s ongoing share buyback program, which aims to optimize capital structure and enhance shareholder value. Following this purchase, the company holds 3,159,619 shares in treasury and 545,010,111 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 £1020.00 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 reflects strong financial performance and positive corporate events, such as share buybacks. However, technical indicators suggest potential short-term weakness, and challenges in specific markets may affect future growth. The valuation is fair, providing a balanced investment opportunity.
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 design, manufacture, and sale of kitchens and joinery products. The company serves a wide range of customers, including builders and homeowners, with a strong market presence in the UK.
Average Trading Volume: 1,549,483
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.5B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.