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

Shares of Howden Joinery Group Plc (LON:HWDN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 840.32 and traded as high as GBX 869.50. Howden Joinery Group shares last traded at GBX 851.50, with a volume of 1,071,953 shares trading hands.

Analyst Upgrades and Downgrades

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

Howden Joinery Group Stock Performance

The company’s fifty day moving average price is GBX 847.83 and its two-hundred day moving average price is GBX 840.32. 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 firm has a market capitalization of £4.61 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

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.