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Howden Joinery ( (GB:HWDN) ) has issued an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 75,000 of its ordinary shares at an average price of 834.03 pence per share. This transaction, conducted through Barclays Bank PLC, impacts the company’s total voting rights, now standing at 542,131,578 shares, and aligns with the company’s strategic financial management practices.
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
Howden Joinery Group PLC operates in the manufacturing and retail industry, primarily focusing on kitchen and joinery products. The company is known for providing high-quality kitchens and joinery items to trade professionals, with a strong market presence in the UK.
Average Trading Volume: 1,652,011
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.52B
See more data about HWDN stock on TipRanks’ Stock Analysis page.