Howden Joinery Group’s (HWDN) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Howden Joinery Group (LON:HWDN) in a research report report published on Tuesday morning, LSE.Co.UK reports. They currently have a GBX 930 ($11.80) price target on the stock.

HWDN has been the subject of several other reports. Citigroup lowered Howden Joinery Group to a neutral rating and set a GBX 865 ($10.98) price objective for the company. in a research report on Friday, March 1st. JPMorgan Chase & Co. boosted their price objective on Howden Joinery Group from GBX 670 ($8.50) to GBX 680 ($8.63) and gave the company a neutral rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of GBX 810.83 ($10.29).

Howden Joinery Group Stock Up 0.5 %

Shares of HWDN traded up GBX 4.68 ($0.06) on Tuesday, hitting GBX 859.28 ($10.91). The company’s stock had a trading volume of 953,131 shares, compared to its average volume of 1,251,766. The company has a quick ratio of 0.94, a current ratio of 1.76 and a debt-to-equity ratio of 75.88. The firm’s fifty day moving average price is GBX 794.42 and its 200-day moving average price is GBX 741.47. Howden Joinery Group has a fifty-two week low of GBX 605 ($7.68) and a fifty-two week high of GBX 868.50 ($11.02). The firm has a market capitalization of £4.71 billion, a price-to-earnings ratio of 1,408.65, a P/E/G ratio of 1.40 and a beta of 1.00.

Howden Joinery Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 11th will be paid a dividend of GBX 16.20 ($0.21) per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 2.1%. This is a boost from Howden Joinery Group’s previous dividend of $4.80. Howden Joinery Group’s dividend payout ratio is currently 3,442.62%.

Howden Joinery Group Company Profile

Howden Joinery Group Plc manufactures and distributes various kitchens, joinery, and hardware products in the United Kingdom, France, Ireland, and Belgium. It offers 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.