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Howden Joinery ( (GB:HWDN) ) just unveiled an update.
Howden Joinery Group PLC has announced a transaction involving the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 830.24 pence per share. This move reduces the total number of shares in issue to 542,225,764, 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 £918.00 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 is driven by its strong financial performance and positive earnings call, highlighting increased sales and international growth. However, technical indicators suggest potential short-term bearish momentum, and market challenges such as higher operating costs and a contracting market temper the outlook. The valuation is reasonable, providing a balanced investment case.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Average Trading Volume: 1,636,274
Technical Sentiment Signal: Buy
Current Market Cap: £4.48B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.