Howden Joinery Executes Share Buyback Program

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

Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 ordinary shares at an average price of 862.35 pence per share. This transaction, conducted through Barclays Bank PLC, is part of the company’s ongoing share buyback program, impacting the total voting rights and share capital structure, which now stands at 543,514,051 shares in issue, excluding treasury shares.

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 the most significant factors contributing to its overall score. The company’s strategic initiatives, including share buybacks, further enhance its market position. While the technical indicators and valuation suggest a stable outlook, the company faces challenges in market conditions and operating costs, which slightly temper 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 home improvement industry, primarily focusing on the manufacture and sale of kitchens and joinery products. The company targets both trade professionals and consumers, offering a range of products that cater to various market needs.

Average Trading Volume: 1,701,256

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.65B

See more data about HWDN stock on TipRanks’ Stock Analysis page.