Howden Joinery Group (LON:HWDN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Howden Joinery Group Plc (LON:HWDN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 816.43 and traded as high as GBX 819.50. Howden Joinery Group shares last traded at GBX 811.49, with a volume of 1,471,455 shares changing hands.

Analyst Ratings Changes

HWDN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,210 target price on shares of Howden Joinery Group in a research note on Wednesday, June 24th. Jefferies Financial Group decreased their price target on Howden Joinery Group from GBX 976 to GBX 847 and set a “hold” rating for the company in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,075 price objective on shares of Howden Joinery Group in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada raised shares of Howden Joinery Group to a “sector perform” rating and boosted their price objective for the company from GBX 900 to GBX 960 in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Howden Joinery Group currently has an average rating of “Hold” and an average price target of GBX 1,009.40.

Howden Joinery Group Stock Performance

The stock has a 50 day moving average of GBX 795.69 and a two-hundred day moving average of GBX 816.20. The stock has a market capitalization of £4.58 billion, a PE ratio of 17.07, a P/E/G ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 62.35, a current ratio of 1.93 and a quick ratio of 0.94.

Howden Joinery Group (LON:HWDN) last released its earnings results on Thursday, July 23rd. The company reported GBX 17.30 EPS for the quarter. Howden Joinery Group had a return on equity of 22.80% and a net margin of 10.86%. Research analysts expect that Howden Joinery Group Plc will post 52.8073286 EPS for the current fiscal year.

About Howden Joinery Group

Howden Joinery Group Plc is the parent company of Howdens.

Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium.

Howdens only sells to the trade – they have the expertise to ensure that our products are fitted to the highest possible standards. Local Howdens depots build trusted partnerships with trade professionals, helping them to exceed their customers’ expectations and allowing their businesses and ours to profit from doing so.