Howden Joinery Group (LON:HWDN) Shares Pass Below 200-Day Moving Average – What’s Next?

Howden Joinery Group Plc (LON:HWDN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 841.11 and traded as low as GBX 754. Howden Joinery Group shares last traded at GBX 799, with a volume of 102,651,656 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 918.75.

Howden Joinery Group Stock Performance

The company has a debt-to-equity ratio of 110.24, a current ratio of 2.10 and a quick ratio of 0.94. The firm has a market cap of £4.31 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.96 and a beta of 1.33. The firm’s 50 day moving average price is GBX 859.02 and its 200-day moving average price is GBX 841.11.

Howden Joinery Group (LON:HWDN) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX 49.20 earnings per share for the quarter. Howden Joinery Group had a net margin of 11.07% and a return on equity of 23.58%. On average, analysts anticipate that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current year.

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.