Howden Joinery Group Plc (HWDN) Rating Increased to Buy at Numis Securities Ltd
Howden Joinery Group Plc (LON:HWDN) was upgraded by analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a GBX 450 ($5.62) price objective on the stock, down from their previous price objective of GBX 515 ($6.43). Numis Securities Ltd’s target price suggests a potential upside of 21.52% from the stock’s current price.
A number of other research analysts also recently issued reports on HWDN. Peel Hunt reissued an “add” rating and set a GBX 535 ($6.68) price objective on shares of Howden Joinery Group Plc in a research report on Thursday, July 21st. Liberum Capital reissued a “buy” rating and set a GBX 500 ($6.25) price objective on shares of Howden Joinery Group Plc in a research report on Thursday, July 21st. JPMorgan Chase & Co. boosted their price objective on shares of Howden Joinery Group Plc from GBX 390 ($4.87) to GBX 420 ($5.25) and gave the company a “neutral” rating in a research report on Friday, July 22nd. Jefferies Group boosted their price objective on shares of Howden Joinery Group Plc from GBX 400 ($5.00) to GBX 430 ($5.37) and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, Goodbody downgraded shares of Howden Joinery Group Plc to a “hold” rating in a research report on Friday, September 9th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 461.45 ($5.77).
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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