Howden Joinery Group Plc (LON:HWDN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Howden Joinery Group Plc (LON:HWDN) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 830.83 ($10.26).

HWDN has been the subject of several research analyst reports. Citigroup downgraded shares of Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.68) price target for the company. in a research report on Friday, March 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 930 ($11.49) target price on shares of Howden Joinery Group in a research report on Tuesday, March 5th. JPMorgan Chase & Co. increased their target price on shares of Howden Joinery Group from GBX 670 ($8.28) to GBX 680 ($8.40) and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 920 ($11.36) price target on shares of Howden Joinery Group in a research note on Friday, April 12th.

Howden Joinery Group Stock Up 1.8 %

Shares of LON:HWDN opened at GBX 888 ($10.97) on Friday. 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 company has a market cap of £4.87 billion, a PE ratio of 1,930.43, 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 ($7.47) and a 52 week high of GBX 910 ($11.24). The firm has a 50 day simple moving average of GBX 858.95 and a 200 day simple moving average of GBX 780.48.

Howden Joinery Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be paid a GBX 16.20 ($0.20) dividend. The ex-dividend date is Thursday, April 11th. This is a positive change from Howden Joinery Group’s previous dividend of $4.80. This represents a yield of 2.1%. Howden Joinery Group’s dividend payout ratio (DPR) is presently 4,565.22%.

Insider Activity at Howden Joinery Group

In related news, insider Andrew Livingston purchased 18 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of £153.09 ($189.09) per share, for a total transaction of £2,755.62 ($3,403.68). In related news, insider Andrew Livingston purchased 18 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of £153.09 ($189.09) per share, for a total transaction of £2,755.62 ($3,403.68). Also, insider Paul Hayes purchased 212 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was bought at an average price of GBX 848 ($10.47) per share, for a total transaction of £1,797.76 ($2,220.55). In the last three months, insiders have bought 4,213 shares of company stock worth $3,915,178. 0.55% of the stock is owned by insiders.

About Howden Joinery Group

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.