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Howden Joinery ( (GB:HWDN) ) has provided an announcement.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 783.16 pence per share. This transaction, conducted through Barclays Bank PLC, is part of the company’s ongoing share buyback program, which aims to manage its capital structure and enhance shareholder value. Following this purchase, the company holds 2,479,691 shares in treasury and has 539,154,983 shares in issue, which represents the total voting rights in the company.
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
Average Trading Volume: 1,689,462
Technical Sentiment Signal: Hold
Current Market Cap: £4.29B
See more data about HWDN stock on TipRanks’ Stock Analysis page.