Liberum Capital Reiterates “Buy” Rating for Howden Joinery Group Plc (HWDN)
Howden Joinery Group Plc (LON:HWDN)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a note issued to investors on Wednesday. They presently have a GBX 506 ($6.54) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 18.78% from the company’s previous close.
Several other research firms have also weighed in on HWDN. Jefferies Group LLC lifted their target price on Howden Joinery Group Plc from GBX 380 ($4.91) to GBX 470 ($6.08) and gave the stock a “hold” rating in a report on Monday, June 26th. Peel Hunt lifted their target price on Howden Joinery Group Plc from GBX 430 ($5.56) to GBX 445 ($5.76) and gave the stock a “hold” rating in a report on Monday, June 19th. Beaufort Securities reiterated a “hold” rating and set a GBX 425 ($5.50) target price on shares of Howden Joinery Group Plc in a report on Friday, July 21st. Canaccord Genuity reiterated a “buy” rating and set a GBX 500 ($6.47) target price on shares of Howden Joinery Group Plc in a report on Thursday, July 20th. Finally, Shore Capital initiated coverage on Howden Joinery Group Plc in a report on Thursday, July 13th. They set a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 453.60 ($5.87).
Howden Joinery Group Plc (LON:HWDN) opened at 428.50 on Wednesday. The firm’s market capitalization is GBX 2.67 billion. Howden Joinery Group Plc has a 52-week low of GBX 344.98 and a 52-week high of GBX 479.50. The company’s 50-day moving average price is GBX 424.22 and its 200 day moving average price is GBX 433.98.
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In other Howden Joinery Group Plc news, insider Matthew Ingle sold 270,000 shares of Howden Joinery Group Plc stock in a transaction dated Monday, July 31st. The stock was sold at an average price of GBX 428 ($5.54), for a total value of £1,155,600 ($1,494,568.03). Also, insider Mark Robson sold 180,000 shares of Howden Joinery Group Plc stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of GBX 425 ($5.50), for a total value of £765,000 ($989,394.72).
About Howden Joinery Group Plc
Howden Joinery Group Plc is a manufacturer and supplier of fitted kitchens, appliances and joinery products. The Company is engaged in the sale of kitchens and joinery products, along with the associated manufacture, sourcing and distribution of these products. It offers products in categories, such as kitchen collection, including inclusive cabinets, accessories, handles and taps; appliance collection, including ovens, hobs, extractors, refrigeration, dishwashers, laundry; doors and joinery collection, including internal doors, sliding wardrobe doors, external doors, door frames, linings and casings, and moldings; hardware collection, including door handles, door furniture, door security, and tools and accessories; flooring collections, including laminate flooring and accessories, and bathroom cabinet collection, including bathroom accessories, bathroom handles and bathroom worktops.
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