Howden Joinery Group (LON:HWDN) Shares Cross Above 200-Day Moving Average – Here’s Why

Howden Joinery Group Plc (LON:HWDN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 817.41 ($10.99) and traded as high as GBX 838.18 ($11.27). Howden Joinery Group shares last traded at GBX 833.50 ($11.20), with a volume of 2,912,239 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Howden Joinery Group from GBX 855 to GBX 900 and gave the company a “neutral” rating in a research note on Friday, July 25th. Berenberg Bank reissued a “buy” rating and issued a GBX 975 price target on shares of Howden Joinery Group in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. upped their price objective on Howden Joinery Group from GBX 824 to GBX 884 and gave the company a “neutral” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Howden Joinery Group presently has a consensus rating of “Hold” and an average price target of GBX 919.67.

Howden Joinery Group Trading Up 0.4%

The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99. The business has a 50 day simple moving average of GBX 853.73 and a 200-day simple moving average of GBX 817.41. The stock has a market capitalization of £4.52 billion, a P/E ratio of 1,800.22, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

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