Howden Joinery Group (LON:HWDN) Shares Cross Above 200-Day Moving Average – Should You Sell?

Howden Joinery Group Plc (LON:HWDN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 820.75 ($10.96) and traded as high as GBX 824 ($11.00). Howden Joinery Group shares last traded at GBX 809 ($10.80), with a volume of 1,383,002 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HWDN shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Howden Joinery Group in a research note on Friday, October 3rd. Berenberg Bank reissued a “buy” rating and issued a GBX 975 price objective on shares of Howden Joinery Group in a research note on Monday, September 8th. Finally, Citigroup increased their price objective on shares of Howden Joinery Group from GBX 855 to GBX 900 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Howden Joinery Group currently has an average rating of “Hold” and a consensus price target of GBX 919.67.

Howden Joinery Group Stock Down 1.0%

The company has a debt-to-equity ratio of 60.20, a current ratio of 1.99 and a quick ratio of 0.94. The company’s 50-day simple moving average is GBX 845.57 and its 200 day simple moving average is GBX 820.75. The firm has a market cap of £4.38 billion, a P/E ratio of 1,747.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN) last released its quarterly earnings data on Thursday, July 24th. The company reported GBX 16.40 EPS for the quarter. Howden Joinery Group had a net margin of 10.82% and a return on equity of 25.70%. Research analysts anticipate that Howden Joinery Group Plc will post 52.8073286 EPS for the current fiscal year.

Howden Joinery Group Company Profile

Howden Joinery Group Plc is the parent company of Howdens.

Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium.

Howdens only sells to the trade – they have the expertise to ensure that our products are fitted to the highest possible standards.