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Howden Joinery ( (GB:HWDN) ) has shared an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 861.98 pence per share, as part of its ongoing share buyback program. This transaction, executed through Barclays Bank PLC, impacts the company’s total voting rights, which now stand at 543,662,327 shares, excluding treasury shares, potentially affecting 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 £975.00 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 score is driven by its strong financial performance and positive corporate events, particularly its share buyback program. The earnings call sentiment is also favorable, highlighting strategic growth initiatives. However, the valuation is moderate, and technical indicators suggest only slight upward momentum, which tempers the overall score.
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 its comprehensive range of kitchen units, appliances, and joinery products, catering to the needs of builders and homeowners across the UK.
Average Trading Volume: 1,709,425
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.69B
Learn more about HWDN stock on TipRanks’ Stock Analysis page.