Howden Joinery Executes Share Buyback, Cancelling 75,000 Shares

Howden Joinery ( (GB:HWDN) ) has provided an update.

Howden Joinery Group PLC announced a share buyback transaction, purchasing 75,000 of its ordinary shares for cancellation at an average price of 877.19 pence per share. This move reduces the total number of shares in issue to 546,258,760, which represents the total voting rights in the company, potentially impacting shareholder calculations regarding their interests under the FCA’s Disclosure Guidance and Transparency Rules.

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 overall stock score reflects strong financial performance, strategic corporate actions, and a positive outlook from recent earnings call. Technical analysis suggests positive momentum, although caution is advised due to near overbought conditions. The company’s strategic initiatives and share buybacks underscore management’s confidence and commitment to shareholder value.

To see Spark’s full report on GB:HWDN stock, click here.

More about Howden Joinery

Average Trading Volume: 1,699,983

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.81B

For a thorough assessment of HWDN stock, go to TipRanks’ Stock Analysis page.