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Howden Joinery ( (GB:HWDN) ) has provided an update.
Howden Joinery Group PLC announced the purchase and cancellation of 75,000 of its ordinary shares at an average price of 807.24 pence per share. This transaction, conducted through Barclays Bank PLC, is part of the company’s ongoing share buyback program, which impacts the total voting rights and shareholding structure, potentially affecting shareholder interests and market perception.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £915.00 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 optimistic earnings call guidance are the most significant factors contributing to the score. The stock’s valuation is fair, with a reasonable P/E ratio and an attractive dividend yield. However, technical analysis indicates a bearish trend, which slightly offsets the positive aspects. Overall, the company is financially robust and strategically positioned for growth, despite market challenges.
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 production and sale of kitchen and joinery products. The company is known for its market focus on providing quality kitchen solutions to trade professionals.
Average Trading Volume: 1,672,945
Technical Sentiment Signal: Buy
Current Market Cap: £4.41B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.