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Howden Joinery ( (GB:HWDN) ) just unveiled an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 819.64 pence per share. This transaction, executed through Numis Securities Limited, is part of the company’s ongoing strategy to manage its capital structure and enhance shareholder value. Following this buyback, the company holds 3,159,619 shares in treasury, with 545,235,111 shares remaining in issue, which represents the total voting rights.
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 overall stock score reflects strong financial health and robust cash flow management, which are its most significant strengths. Technical indicators and corporate events like share buybacks support the stock’s attractiveness. However, high valuation metrics and market challenges pose some risks.
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, focusing on the design and supply of kitchens and joinery products. The company primarily serves trade professionals, offering a wide range of kitchen solutions and related products.
Average Trading Volume: 1,588,088
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.53B
For detailed information about HWDN stock, go to TipRanks’ Stock Analysis page.