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Howden Joinery ( (GB:HWDN) ) has provided an announcement.
Howden Joinery Group PLC announced a share buyback transaction where it purchased 70,574 of its ordinary shares for cancellation at an average price of 817.68 pence per share. This move, executed through Barclays Bank PLC, reduces the total number of shares in issue to 539,529,983, impacting the total voting rights and potentially influencing shareholder interest notifications under FCA rules.
The most recent analyst rating on (GB:HWDN) stock is a Hold with a £900.00 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
Average Trading Volume: 1,649,884
Technical Sentiment Signal: Buy
Current Market Cap: £4.34B
For an in-depth examination of HWDN stock, go to TipRanks’ Overview page.