Howden Joinery Group (LON:HWDN) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Howden Joinery Group Plc (LON:HWDN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 841.12 and traded as high as GBX 876.50. Howden Joinery Group shares last traded at GBX 874, with a volume of 7,746,111 shares traded.

Analyst Upgrades and Downgrades

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

Howden Joinery Group Price Performance

The stock has a market capitalization of £4.71 billion, a P/E ratio of 18.88, a PEG ratio of 1.96 and a beta of 1.07. 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 fifty day simple moving average of GBX 836.38 and a 200-day simple moving average of GBX 841.12.

Insiders Place Their Bets

In related news, insider Andrew Livingston purchased 4,033 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was purchased at an average cost of GBX 807 per share, with a total value of £32,546.31. Insiders have acquired 4,069 shares of company stock valued at $3,284,187 over the last ninety days. 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.