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Howden Joinery ( (GB:HWDN) ) just unveiled an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 73,913 ordinary shares at an average price of 833.68 pence per share. This transaction reduces the total number of shares in issue, impacting the company’s capital structure and potentially enhancing shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £918.00 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 is driven by its strong financial performance and positive earnings call, highlighting increased sales and international growth. However, technical indicators suggest potential short-term bearish momentum, and market challenges such as higher operating costs and a contracting market temper the outlook. The valuation is reasonable, providing a balanced investment case.
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 design, manufacture, and sale of kitchens and joinery products. The company serves a wide market, including trade professionals and consumers, with a strong emphasis on quality and service.
Average Trading Volume: 1,645,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.53B
Find detailed analytics on HWDN stock on TipRanks’ Stock Analysis page.