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

Howden Joinery Group Plc (LON:HWDN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 843.18 and traded as high as GBX 900.50. Howden Joinery Group shares last traded at GBX 892.27, with a volume of 1,898,212 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price 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 analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Howden Joinery Group currently has an average rating of “Hold” and an average target price of GBX 918.75.

Howden Joinery Group Trading Down 1.1%

The company has a debt-to-equity ratio of 110.24, a quick ratio of 0.94 and a current ratio of 2.10. The stock has a market cap of £4.66 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a 50-day simple moving average of GBX 861.26 and a 200-day simple moving average of GBX 843.20.

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

Howden Joinery Group Company Profile

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.