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Howden Joinery ( (GB:HWDN) ) has issued an announcement.
Howden Joinery Group PLC announced a buyback of 75,000 ordinary shares, which were purchased at an average price of 823.04 pence per share for cancellation. This transaction reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HWDN) stock is a Hold with a £824.00 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 its strong financial health and strategic growth initiatives, as highlighted in the earnings call and corporate events. The stock’s valuation is fair, and while technical indicators suggest some bearish momentum, the company’s resilience and shareholder-friendly actions provide a positive 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 comprehensive range of kitchen units, appliances, and joinery products, catering to both trade professionals and consumers.
Average Trading Volume: 1,577,885
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.49B
For a thorough assessment of HWDN stock, go to TipRanks’ Stock Analysis page.