Howden Joinery Group (LON:HWDN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Howden Joinery Group Plc (LON:HWDN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 841.34 and traded as high as GBX 894.50. Howden Joinery Group shares last traded at GBX 874, with a volume of 1,473,618 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HWDN. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 900 price target on shares of Howden Joinery Group in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on Howden Joinery Group from GBX 884 to GBX 900 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 975 price target on shares of Howden Joinery Group in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 918.75.

Howden Joinery Group Price Performance

The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 60.20. The stock’s 50-day moving average is GBX 840.54 and its two-hundred day moving average is GBX 841.34. The company has a market capitalization of £4.70 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Insider Activity at Howden Joinery Group

In other news, insider Andrew Livingston bought 4,033 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average price of GBX 807 per share, with a total value of £32,546.31. Over the last three months, insiders acquired 4,069 shares of company stock valued at $3,284,187. Insiders own 0.91% of the company’s stock.

About Howden Joinery Group

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. Local Howdens depots build trusted partnerships with trade professionals, helping them to exceed their customers’ expectations and allowing their businesses and ours to profit from doing so.