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An update from Howden Joinery ( (GB:HWDN) ) is now available.
Howden Joinery Group PLC announced the repurchase and cancellation of 72,733 of its ordinary shares at an average price of 833.21 pence per share. This transaction 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 2,470,691 shares in treasury, with 541,758,845 shares remaining in issue, which represents the total voting rights in the company.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £928.00 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 is driven by strong financial performance and a balanced earnings call, highlighting growth in sales and margins. However, technical analysis indicates potential bearish momentum, and valuation metrics suggest the stock is fairly valued. The company’s strategic initiatives and international growth provide optimism, despite market challenges.
To see Spark’s full report on GB:HWDN stock, click here.
More about Howden Joinery
Average Trading Volume: 1,640,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.59B
See more insights into HWDN stock on TipRanks’ Stock Analysis page.