Howden Joinery Group (LON:HWDN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Howden Joinery Group Plc (LON:HWDN)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 806.29 and traded as high as GBX 812. Howden Joinery Group shares last traded at GBX 806.50, with a volume of 1,628,863 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 1,075 price objective on shares of Howden Joinery Group in a research report on Thursday, July 23rd. Royal Bank Of Canada upgraded Howden Joinery Group to a “sector perform” rating and boosted their target price for the company from GBX 900 to GBX 960 in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 847 target price on shares of Howden Joinery Group in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Howden Joinery Group presently has a consensus rating of “Hold” and an average price target of GBX 1,009.40.

Howden Joinery Group Price Performance

The company has a debt-to-equity ratio of 62.35, a quick ratio of 0.94 and a current ratio of 1.93. The firm has a fifty day simple moving average of GBX 774.16 and a 200 day simple moving average of GBX 806.10. The company has a market capitalization of £4.37 billion, a PE ratio of 16.45, a P/E/G ratio of 1.96 and a beta of 1.28.

Howden Joinery Group Company Profile

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.