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Howden Joinery ( (GB:HWDN) ) has issued an announcement.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 827.37 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s ongoing share buyback program, which aims to manage its capital structure and enhance shareholder value. Following this transaction, the company holds 3,159,619 shares in treasury, with 544,560,111 shares remaining in issue, representing the total voting rights in the company.
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 contribute positively to its stock score. The active share buyback program reflects confidence in its financial health and enhances shareholder value. However, technical indicators suggest caution due to bearish trends, and ongoing challenges in specific markets like the UK and France could impact future performance.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Average Trading Volume: 1,630,890
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.43B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.