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An update from Howden Joinery ( (GB:HWDN) ) is now available.
Howden Joinery Group PLC announced the repurchase and cancellation of 73,471 of its ordinary shares at an average price of 788.97 pence per share. This transaction, executed 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, with a total of 539,081,512 shares in issue, representing 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
Howden Joinery Group PLC operates in the manufacturing and retail industry, primarily focusing on kitchen and joinery products. The company is known for its range of kitchen units, appliances, and joinery items, catering to both trade professionals and consumers in the market.
Average Trading Volume: 1,708,512
Technical Sentiment Signal: Hold
Current Market Cap: £4.25B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.