Howden Joinery Group (LON:HWDN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Howden Joinery Group Plc (LON:HWDN)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 823.46 and traded as low as GBX 806. Howden Joinery Group shares last traded at GBX 816.81, with a volume of 2,247,631 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HWDN shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,210 price objective on shares of Howden Joinery Group in a report on Wednesday, June 24th. Berenberg Bank lifted their price target on shares of Howden Joinery Group from GBX 1,000 to GBX 1,075 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 919 price objective on shares of Howden Joinery Group in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 993.17.

Howden Joinery Group Stock Performance

The stock has a 50 day simple moving average of GBX 787.20 and a 200 day simple moving average of GBX 823.46. The company has a market cap of £4.37 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.96 and a beta of 1.30. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 59.19.

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.