Howden Joinery Group Plc (LON:HWDN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Howden Joinery Group Plc (LON:HWDN) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 951.50 ($11.93).

HWDN has been the subject of several recent research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 975 ($12.23) price target on shares of Howden Joinery Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Howden Joinery Group from GBX 680 ($8.53) to GBX 849 ($10.65) and gave the company a “neutral” rating in a report on Thursday, December 5th.

Insiders Place Their Bets

In other news, insider Suzy Neubert purchased 7,305 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of GBX 821 ($10.30) per share, with a total value of £59,974.05 ($75,221.43). Over the last ninety days, insiders purchased 7,345 shares of company stock worth $6,031,612. Company insiders own 0.47% of the company’s stock.

Howden Joinery Group Stock Performance

HWDN opened at GBX 787.50 ($9.88) on Thursday. The firm has a 50 day moving average of GBX 838.57 and a two-hundred day moving average of GBX 885.86. The firm has a market capitalization of £4.33 billion, a PE ratio of 1,711.96, a P/E/G ratio of 1.96 and a beta of 1.07. The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. Howden Joinery Group has a 12-month low of GBX 753.40 ($9.45) and a 12-month high of GBX 982.50 ($12.32).

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.