Howden Joinery Group (LON:HWDN) Given “Overweight” Rating at Barclays

Barclays reissued their overweight rating on shares of Howden Joinery Group (LON:HWDN) in a research note published on Wednesday, MarketBeat reports. The firm currently has a GBX 1,010 ($12.69) price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank reiterated a buy rating and issued a GBX 930 ($11.68) price objective on shares of Howden Joinery Group in a report on Tuesday, March 5th. Royal Bank of Canada reiterated an outperform rating and issued a GBX 920 ($11.56) price objective on shares of Howden Joinery Group in a report on Friday, April 12th. Citigroup downgraded Howden Joinery Group to a neutral rating and set a GBX 865 ($10.87) price target for the company. in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their price target on Howden Joinery Group from GBX 670 ($8.42) to GBX 680 ($8.54) and gave the stock a neutral rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of GBX 856.43 ($10.76).

Howden Joinery Group Trading Up 1.6 %

LON HWDN opened at GBX 872 ($10.95) on Wednesday. The stock has a 50-day simple moving average of GBX 865.82 and a 200 day simple moving average of GBX 788.21. The company has a market capitalization of £4.78 billion, a PE ratio of 1,895.65, a P/E/G ratio of 2.01 and a beta of 1.01. The company has a current ratio of 1.92, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. Howden Joinery Group has a 12 month low of GBX 605 ($7.60) and a 12 month high of GBX 910 ($11.43).

Howden Joinery Group Increases Dividend

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

Insider Transactions at Howden Joinery Group

In other news, insider Paul Hayes acquired 3,964 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of GBX 869 ($10.92) per share, with a total value of £34,447.16 ($43,269.89). In other news, insider Paul Hayes acquired 3,964 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of GBX 869 ($10.92) per share, with a total value of £34,447.16 ($43,269.89). Also, insider Andrew Livingston acquired 18 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average cost of £153.09 ($192.30) per share, with a total value of £2,755.62 ($3,461.40). Insiders bought 7,213 shares of company stock valued at $6,537,178 over the last three months. Company insiders own 0.55% of the company’s stock.

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.