Howden Joinery Group Plc’s (HWDN) Neutral Rating Reiterated at JPMorgan Chase & Co.
Howden Joinery Group Plc (LON:HWDN)‘s stock had its “neutral” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. They currently have a GBX 440 ($5.43) price objective on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 3.75% from the company’s previous close.
A number of other equities research analysts have also issued reports on HWDN. Jefferies Group LLC reduced their target price on shares of Howden Joinery Group Plc from GBX 430 ($5.31) to GBX 400 ($4.94) and set a “hold” rating on the stock in a report on Monday, December 5th. Liberum Capital reiterated a “buy” rating and set a GBX 500 ($6.18) target price on shares of Howden Joinery Group Plc in a report on Thursday, January 12th. Peel Hunt reiterated an “add” rating and set a GBX 430 ($5.31) target price on shares of Howden Joinery Group Plc in a report on Tuesday, January 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 450 ($5.56) target price on shares of Howden Joinery Group Plc in a report on Thursday, February 9th. Finally, Davy Research reiterated an “outperform” rating on shares of Howden Joinery Group Plc in a report on Tuesday, February 21st. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 426.89 ($5.27).
Shares of Howden Joinery Group Plc (LON:HWDN) opened at 424.10 on Tuesday. The firm has a 50-day moving average price of GBX 412.97 and a 200 day moving average price of GBX 398.40. Howden Joinery Group Plc has a 1-year low of GBX 339.70 and a 1-year high of GBX 516.50. The company’s market cap is GBX 2.66 billion.
The company also recently disclosed a dividend, which will be paid on Friday, June 16th. Stockholders of record on Thursday, May 18th will be issued a GBX 7.40 ($0.09) dividend. This represents a dividend yield of 1.73%. This is a positive change from Howden Joinery Group Plc’s previous dividend of $3.30. The ex-dividend date of this dividend is Thursday, May 18th.
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In other news, insider Mark Robson sold 1,200,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of GBX 425 ($5.25), for a total value of £5,100,000 ($6,298,629.12).
Howden Joinery Group Plc Company Profile
Howden Joinery Group Plc is a supplier of kitchens. The Company is engaged in the sale of kitchens and joinery products through over 400,000 small local builders who source and install kitchens for both landlords and owner-occupiers. The Company offers approximately 50 different kitchen ranges, along with worktops, including granite, sinks and taps, domestic appliances, including ovens, hobs, refrigeration, laundry and dishwashers, and joinery products, including internal and external doors, and flooring.
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