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Howden Joinery ( (GB:HWDN) ) has issued an announcement.
Howden Joinery Group PLC announced the purchase and cancellation of 75,000 of its ordinary shares at an average price of 793.58 pence per share, as part of its buyback program. This transaction reduces the number of shares in issue, potentially increasing the value of remaining shares and impacting shareholder voting rights.
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 effective cash management are the most significant factors contributing to its score. Technical analysis presents mixed signals, with short-term momentum showing potential overbought conditions. Valuation is fair, with a moderate P/E ratio and reasonable dividend yield. The earnings call highlights both strengths in sales growth and challenges in operating costs, maintaining a balanced outlook.
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 targets both trade professionals and consumers, providing a wide range of kitchen units, worktops, appliances, and joinery items.
Average Trading Volume: 1,668,538
Technical Sentiment Signal: Hold
Current Market Cap: £4.29B
For an in-depth examination of HWDN stock, go to TipRanks’ Overview page.