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The latest update is out from Howden Joinery ( (GB:HWDN) ).
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 847.65 pence per share, as part of its share buyback program. This transaction, conducted through Numis Securities Limited, reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights.
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 strong financial performance and strategic initiatives, despite challenging market conditions, provide a solid foundation. The earnings call highlights resilience and growth strategies, while technical indicators suggest potential entry points. Valuation remains a positive aspect with an attractive dividend yield. Overall, the company is well-positioned but must navigate 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 kitchen and joinery products. The company is known for supplying kitchens and joinery products to small builders and tradespeople, with a market focus on providing quality products for home improvement and construction projects.
Average Trading Volume: 1,659,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.53B
For an in-depth examination of HWDN stock, go to TipRanks’ Overview page.