Howden Joinery Group (LON:HWDN) Hits New 52-Week Low – Should You Sell?

Shares of Howden Joinery Group Plc (LON:HWDN) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 752.50 ($9.39) and last traded at GBX 755 ($9.42), with a volume of 788175 shares changing hands. The stock had previously closed at GBX 774 ($9.66).

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Howden Joinery Group from GBX 680 ($8.48) to GBX 849 ($10.59) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Berenberg Bank reissued a “buy” rating and set a GBX 975 ($12.16) price objective on shares of Howden Joinery Group in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Howden Joinery Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 951.50 ($11.87).

Howden Joinery Group Price Performance

The stock has a 50 day moving average price of GBX 817.21 and a two-hundred day moving average price of GBX 879.43. The company has a debt-to-equity ratio of 75.88, a current ratio of 1.99 and a quick ratio of 0.94. The firm has a market capitalization of £4.16 billion, a price-to-earnings ratio of 1,643.48, a PEG ratio of 1.96 and a beta of 1.07.

Insider Buying and Selling at Howden Joinery Group

In related news, insider Suzy Neubert purchased 7,305 shares of Howden Joinery Group stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of GBX 821 ($10.24) per share, with a total value of £59,974.05 ($74,817.93). Insiders bought a total of 7,345 shares of company stock valued at $6,031,612 in the last three months. 0.47% of the stock is owned by corporate insiders.

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.