Howden Joinery Group (HWDN) Hits New 52-Week High After Dividend Announcement
Howden Joinery Group Plc (LON:HWDN) shares hit a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 489 ($6.76) and last traded at GBX 480.30 ($6.64), with a volume of 6206458 shares changing hands. The stock had previously closed at GBX 444.10 ($6.14).
The newly announced dividend which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 24th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, May 24th. This represents a dividend yield of 1.56%. This is a boost from Howden Joinery Group’s previous dividend of $3.60.
HWDN has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Howden Joinery Group from GBX 440 ($6.08) to GBX 460 ($6.36) and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Liberum Capital upped their price objective on shares of Howden Joinery Group from GBX 506 ($6.99) to GBX 540 ($7.46) and gave the company a “buy” rating in a research note on Tuesday, January 16th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 450 ($6.22) price objective on shares of Howden Joinery Group in a research note on Tuesday, February 20th. Peel Hunt reaffirmed a “hold” rating and set a GBX 470 ($6.49) price objective on shares of Howden Joinery Group in a research note on Tuesday, January 23rd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Howden Joinery Group in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Howden Joinery Group currently has an average rating of “Hold” and an average target price of GBX 485.36 ($6.71).
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Howden Joinery Group Company Profile
Howden Joinery Group Plc is a manufacturer and supplier of fitted kitchens, appliances and joinery products. The Company is engaged in the sale of kitchens and joinery products, along with the associated manufacture, sourcing and distribution of these products. It offers products in categories, such as kitchen collection, including inclusive cabinets, accessories, handles and taps; appliance collection, including ovens, hobs, extractors, refrigeration, dishwashers, laundry; doors and joinery collection, including internal doors, sliding wardrobe doors, external doors, door frames, linings and casings, and moldings; hardware collection, including door handles, door furniture, door security, and tools and accessories; flooring collections, including laminate flooring and accessories, and bathroom cabinet collection, including bathroom accessories, bathroom handles and bathroom worktops.
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