Analysts Set Howden Joinery Group Plc (LON:HWDN) PT at GBX 830.83

Shares of Howden Joinery Group Plc (LON:HWDN) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 830.83 ($10.26).

Several research firms recently issued reports on HWDN. Citigroup lowered shares of Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.68) target price on the stock. in a report on Friday, March 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 930 ($11.49) price objective on shares of Howden Joinery Group in a report on Tuesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 920 ($11.36) price objective on shares of Howden Joinery Group in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Howden Joinery Group from GBX 670 ($8.28) to GBX 680 ($8.40) and gave the company a “neutral” rating in a report on Tuesday, March 5th.

Insider Activity at Howden Joinery Group

In other Howden Joinery Group news, insider Andrew Livingston purchased 18 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average price of £153.09 ($189.09) per share, with a total value of £2,755.62 ($3,403.68). In other Howden Joinery Group news, insider Paul Hayes sold 59,074 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of GBX 869 ($10.73), for a total value of £513,353.06 ($634,082.34). Also, insider Andrew Livingston acquired 18 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average price of £153.09 ($189.09) per share, with a total value of £2,755.62 ($3,403.68). In the last quarter, insiders have acquired 4,213 shares of company stock valued at $3,915,178. 0.55% of the stock is owned by corporate insiders.

Howden Joinery Group Price Performance

HWDN stock opened at GBX 870 ($10.75) on Friday. The firm has a market cap of £4.77 billion, a price-to-earnings ratio of 1,891.30, a PEG ratio of 2.01 and a beta of 1.01. The company has a quick ratio of 0.94, a current ratio of 1.92 and a debt-to-equity ratio of 75.88. Howden Joinery Group has a 12-month low of GBX 605 ($7.47) and a 12-month high of GBX 910 ($11.24). The company’s fifty day simple moving average is GBX 855.79 and its 200 day simple moving average is GBX 778.45.

Howden Joinery Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be given a GBX 16.20 ($0.20) dividend. This is a boost from Howden Joinery Group’s previous dividend of $4.80. The ex-dividend date is Thursday, April 11th. This represents a yield of 2.1%. Howden Joinery Group’s dividend payout ratio (DPR) is presently 4,565.22%.

About Howden Joinery Group

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.