Brokerages Set Howden Joinery Group Plc (LON:HWDN) Price Target at GBX 830.83

Howden Joinery Group Plc (LON:HWDN) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 830.83 ($10.26).

Several research firms recently commented on HWDN. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 920 ($11.36) price objective on shares of Howden Joinery Group in a research note on Friday, April 12th. JPMorgan Chase & Co. upped their price target on Howden Joinery Group from GBX 670 ($8.28) to GBX 680 ($8.40) and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Citigroup cut Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.68) price target on the stock. in a research note on Friday, March 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 930 ($11.49) price objective on shares of Howden Joinery Group in a research report on Tuesday, March 5th.

Insider Activity

In related news, insider Paul Hayes bought 3,964 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of GBX 869 ($10.73) per share, for a total transaction of £34,447.16 ($42,548.37). In other news, insider Andrew Livingston purchased 18 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average price of £153.09 ($189.09) per share, for a total transaction of £2,755.62 ($3,403.68). Also, insider Paul Hayes acquired 3,964 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of GBX 869 ($10.73) per share, with a total value of £34,447.16 ($42,548.37). Insiders acquired 4,213 shares of company stock valued at $3,915,178 in the last three months. 0.55% of the stock is currently owned by company insiders.

Howden Joinery Group Stock Up 1.4 %

Howden Joinery Group stock opened at GBX 865.50 ($10.69) on Friday. The company has a debt-to-equity ratio of 75.88, a current ratio of 1.92 and a quick ratio of 0.94. The business has a 50 day simple moving average of GBX 850.57 and a 200-day simple moving average of GBX 775.36. The stock has a market capitalization of £4.75 billion, a PE ratio of 1,881.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. Howden Joinery Group has a 12 month low of GBX 605 ($7.47) and a 12 month high of GBX 910 ($11.24).

Howden Joinery Group Increases Dividend

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

About Howden Joinery Group

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio 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.