JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Howden Joinery Group (LON:HWDN) Stock

Howden Joinery Group (LON:HWDN) had its price target increased by stock analysts at JPMorgan Chase & Co. from GBX 680 ($8.67) to GBX 849 ($10.82) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 0.59% from the company’s previous close.

Several other equities analysts have also recently issued reports on HWDN. Berenberg Bank restated a “buy” rating and issued a GBX 975 ($12.43) price target on shares of Howden Joinery Group in a research report on Thursday, November 7th. Jefferies Financial Group lifted their target price on Howden Joinery Group from GBX 1,042 ($13.28) to GBX 1,090 ($13.90) and gave the company a “buy” rating in a research note on Tuesday, August 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 951.50 ($12.13).

Howden Joinery Group Trading Up 0.7 %

LON HWDN opened at GBX 844 ($10.76) on Thursday. The firm’s fifty day moving average is GBX 859.49 and its two-hundred day moving average is GBX 894.36. Howden Joinery Group has a one year low of GBX 740.40 ($9.44) and a one year high of GBX 982.50 ($12.53). 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 cap of £4.64 billion, a PE ratio of 1,834.78, a P/E/G ratio of 1.96 and a beta of 1.07.

Insider Activity at Howden Joinery Group

In related news, insider Suzy Neubert purchased 7,305 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 821 ($10.47) per share, with a total value of £59,974.05 ($76,458.50). Insiders bought a total of 7,361 shares of company stock worth $6,047,196 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Howden Joinery Group Company Profile

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.