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An announcement from Howden Joinery ( (GB:HWDN) ) is now available.
Howden Joinery Group PLC announced the purchase and cancellation of 75,000 of its ordinary shares at an average price of 871.05 pence per share. This transaction reduces the total number of shares in issue to 546,408,760, which represents the total voting rights in the company. The move is part of a buyback programme and aligns with the company’s strategy to manage its capital structure effectively.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £930.00 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 strategic initiatives are offset by market challenges and valuation concerns. The company’s financial health and shareholder-friendly actions bolster confidence, while technical indicators suggest caution due to potential overbought conditions.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Average Trading Volume: 1,695,622
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.77B
See more data about HWDN stock on TipRanks’ Stock Analysis page.