Howden Joinery Group (LON:HWDN) Given Overweight Rating at Barclays

Howden Joinery Group (LON:HWDN)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays in a note issued to investors on Wednesday, LSE.Co.UK reports. They presently have a GBX 1,010 ($12.69) price target on the stock. Barclays‘s price target indicates a potential upside of 15.30% from the company’s current price.

Several other equities analysts have also recently issued reports on HWDN. Citigroup cut Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.87) price target on the stock. in a research report on Friday, March 1st. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 920 ($11.56) target price on shares of Howden Joinery Group in a report on Friday, April 12th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 930 ($11.68) price target on shares of Howden Joinery Group in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Howden Joinery Group from GBX 670 ($8.42) to GBX 680 ($8.54) and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 856.43 ($10.76).

Howden Joinery Group Stock Performance

Howden Joinery Group stock remained flat at GBX 876 ($11.00) during midday trading on Wednesday. 1,432,479 shares of the company’s stock traded hands, compared to its average volume of 1,389,912. The company has a debt-to-equity ratio of 75.88, a quick ratio of 0.94 and a current ratio of 1.92. The stock has a market cap of £4.81 billion, a PE ratio of 1,904.35, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. Howden Joinery Group has a 52 week low of GBX 605 ($7.60) and a 52 week high of GBX 910 ($11.43). The business has a 50-day moving average price of GBX 862.02 and a 200 day moving average price of GBX 784.85.

Insider Activity

In other Howden Joinery Group news, insider Paul Hayes acquired 3,964 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of GBX 869 ($10.92) per share, for a total transaction of £34,447.16 ($43,269.89). In related news, insider Paul Hayes acquired 3,964 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of GBX 869 ($10.92) per share, for a total transaction of £34,447.16 ($43,269.89). Also, insider Andrew Livingston purchased 18 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average cost of £153.09 ($192.30) per share, with a total value of £2,755.62 ($3,461.40). Over the last 90 days, insiders have acquired 4,213 shares of company stock valued at $3,915,178. Insiders own 0.55% 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.