TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Howden Joinery ( (GB:HWDN) ).
Howden Joinery Group PLC has announced a share buyback transaction, purchasing 75,000 of its ordinary shares for cancellation at an average price of 831.22 pence per share. This move reduces the number of shares in circulation, potentially enhancing shareholder value and adjusting the company’s capital structure, while also impacting the total voting rights available to shareholders.
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 home improvement industry, primarily focusing on the manufacturing and sale of kitchen and joinery products. The company caters to trade professionals, providing a wide range of products including kitchen cabinets, appliances, and joinery items.
Average Trading Volume: 1,635,407
Technical Sentiment Signal: Buy
Current Market Cap: £4.37B
For an in-depth examination of HWDN stock, go to TipRanks’ Overview page.