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Howden Joinery ( (GB:HWDN) ) has issued an announcement.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 844.61 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s ongoing share buyback program, which aims to enhance shareholder value by reducing the number of shares in circulation and adjusting the total voting rights in the company.
The most recent analyst rating on (GB:HWDN) stock is a Hold with a £8.70 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 stock is supported by strong financial performance and a strategic focus on growth, as highlighted in the earnings call. The valuation is fair, with a decent dividend yield adding to its attractiveness. Technical indicators suggest some caution, but overall, the company’s financial health and strategic initiatives position it well for future gains.
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, primarily focusing on the production and sale of kitchen joinery products. The company targets both trade professionals and consumers, offering a wide range of kitchen fittings and related products.
Average Trading Volume: 1,669,235
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.61B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.