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Howden Joinery ( (GB:HWDN) ) has shared an update.
Howden Joinery Group PLC announced a share buyback transaction where it repurchased 44,000 of its ordinary shares for cancellation at an average price of 790.09 pence per share. This move reduces the total number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights. The transaction aligns with the company’s capital management strategy and complies with UK regulatory requirements.
The most recent analyst rating on (GB:HWDN) stock is a Buy with a £975.00 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
Average Trading Volume: 1,740,067
Technical Sentiment Signal: Hold
Current Market Cap: £4.22B
For an in-depth examination of HWDN stock, go to TipRanks’ Overview page.