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The latest update is out from Howden Joinery ( (GB:HWDN) ).
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 813.65 pence per share. This transaction reduces the total number of shares in issue to 539,600,557, impacting the company’s total voting rights and potentially influencing shareholder interest and market positioning.
The most recent analyst rating on (GB:HWDN) stock is a Hold with a £900.00 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 effective cash management are the most significant factors contributing to its score. Technical analysis presents mixed signals, with short-term momentum showing potential overbought conditions. Valuation is fair, with a moderate P/E ratio and reasonable dividend yield. The earnings call highlights both strengths in sales growth and challenges in operating costs, maintaining a balanced 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 extensive range of kitchen cabinets, appliances, and joinery products, catering to both professional builders and homeowners.
Average Trading Volume: 1,648,093
Technical Sentiment Signal: Buy
Current Market Cap: £4.34B
Find detailed analytics on HWDN stock on TipRanks’ Stock Analysis page.