Howden Joinery Group Plc (LON:HWDN) Receives Average Recommendation of “Moderate Buy” from Analysts

Howden Joinery Group Plc (LON:HWDN) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 951.50 ($12.13).

HWDN has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 975 ($12.43) target price on shares of Howden Joinery Group in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on Howden Joinery Group from GBX 1,042 ($13.28) to GBX 1,090 ($13.89) and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on Howden Joinery Group from GBX 680 ($8.67) to GBX 849 ($10.82) and gave the company a “neutral” rating in a research note on Thursday.

Insiders Place Their Bets

In other news, insider Suzy Neubert purchased 7,305 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost of GBX 821 ($10.46) per share, for a total transaction of £59,974.05 ($76,439.01). In the last three months, insiders have purchased 7,361 shares of company stock worth $6,047,196. Company insiders own 0.47% of the company’s stock.

Howden Joinery Group Stock Performance

LON:HWDN opened at GBX 844 ($10.76) on Friday. The stock has a market capitalization of £4.64 billion, a P/E ratio of 1,834.78, a price-to-earnings-growth 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 1 year low of GBX 740.40 ($9.44) and a 1 year high of GBX 982.50 ($12.52). The firm has a 50 day moving average of GBX 859.49 and a 200-day moving average of GBX 894.25.

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.