Howden Joinery Group Plc (LON:HWDN) Receives GBX 810.83 Average PT from Analysts

Howden Joinery Group Plc (LON:HWDN) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 810.83 ($10.25).

HWDN has been the subject of several research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 930 ($11.75) target price on shares of Howden Joinery Group in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised their target price on Howden Joinery Group from GBX 670 ($8.47) to GBX 680 ($8.59) and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Finally, Citigroup cut Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.93) price objective for the company. in a research note on Friday, March 1st.

Insider Buying and Selling at Howden Joinery Group

In other news, insider Andrew Livingston bought 18 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average price of £153.09 ($193.47) per share, with a total value of £2,755.62 ($3,482.40). In other Howden Joinery Group news, insider Paul Hayes purchased 3,964 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of GBX 869 ($10.98) per share, with a total value of £34,447.16 ($43,532.36). Also, insider Andrew Livingston acquired 18 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average cost of £153.09 ($193.47) per share, with a total value of £2,755.62 ($3,482.40). Over the last ninety days, insiders acquired 4,020 shares of company stock valued at $3,750,089. Insiders own 0.55% of the company’s stock.

Howden Joinery Group Price Performance

Shares of HWDN stock opened at GBX 906.80 ($11.46) on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.92 and a debt-to-equity ratio of 75.88. Howden Joinery Group has a twelve month low of GBX 605 ($7.65) and a twelve month high of GBX 908.60 ($11.48). The company has a market cap of £4.98 billion, a P/E ratio of 1,971.30, a P/E/G ratio of 1.99 and a beta of 1.01. The business has a fifty day simple moving average of GBX 824.08 and a 200 day simple moving average of GBX 759.

Howden Joinery Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 11th will be paid a dividend of GBX 16.20 ($0.20) per share. This represents a yield of 2.1%. This is an increase from Howden Joinery Group’s previous dividend of $4.80. The ex-dividend date of this dividend is Thursday, April 11th. Howden Joinery Group’s dividend payout ratio (DPR) is currently 4,565.22%.

About Howden Joinery Group

Howden Joinery Group Plc manufactures and distributes various kitchens, joinery, and hardware products in the United Kingdom, France, Ireland, and Belgium. It offers worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.