Howden Joinery Executes Share Buyback Program

An update from Howden Joinery ( (GB:HWDN) ) is now available.

Howden Joinery Group PLC announced the repurchase and cancellation of 73,232 ordinary shares at an average price of 887.16 pence per share. This transaction reduces the total number of shares in issue to 544,111,923, impacting the company’s total voting rights and potentially influencing shareholder interests.

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 strong financial performance and positive earnings call sentiment are key strengths, supporting a solid overall score. The stock’s technical indicators show bullish momentum, though near overbought levels might limit gains. The valuation appears fair, but the unsustainable dividend yield is a concern. Corporate strategies like stock buybacks are positive but already reflected in the earnings analysis.

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, focusing on kitchen and joinery products. The company is known for its comprehensive range of kitchen solutions, catering primarily to the trade sector.

Average Trading Volume: 1,724,623

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.86B

Learn more about HWDN stock on TipRanks’ Stock Analysis page.