Howden Joinery Group (LON:HWDN) Shares Cross Above Two Hundred Day Moving Average of $902.06

Howden Joinery Group Plc (LON:HWDN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 902.06 ($12.08) and traded as high as GBX 928 ($12.43). Howden Joinery Group shares last traded at GBX 926.50 ($12.41), with a volume of 1,655,916 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their price target on shares of Howden Joinery Group from GBX 1,042 ($13.95) to GBX 1,090 ($14.60) and gave the company a “buy” rating in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Howden Joinery Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 904.29 ($12.11).

Howden Joinery Group Stock Performance

The company has a 50-day simple moving average of GBX 925.77 and a two-hundred day simple moving average of GBX 902.36. The company has a debt-to-equity ratio of 75.88, a quick ratio of 0.94 and a current ratio of 1.99. The firm has a market capitalization of £5.04 billion, a P/E ratio of 1,993.48, a PEG ratio of 2.02 and a beta of 1.07.

Howden Joinery Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 17th will be given a dividend of GBX 4.90 ($0.07) per share. This represents a yield of 0.52%. The ex-dividend date is Thursday, October 17th. Howden Joinery Group’s dividend payout ratio (DPR) is 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.