Howden Joinery Group (LON:HWDN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Howden Joinery Group Plc (LON:HWDN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 815.55 and traded as high as GBX 832. Howden Joinery Group shares last traded at GBX 824.91, with a volume of 1,040,155 shares trading hands.

Wall Street Analyst Weigh In

HWDN has been the subject of several recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 1,075 price objective on shares of Howden Joinery Group in a research report on Thursday, July 23rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 847 price target on shares of Howden Joinery Group in a research report on Wednesday. Royal Bank Of Canada upgraded Howden Joinery Group to a “sector perform” rating and lifted their target price for the stock from GBX 900 to GBX 960 in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,210 price target on shares of Howden Joinery Group in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Howden Joinery Group has a consensus rating of “Hold” and an average price target of GBX 1,009.40.

Howden Joinery Group Stock Performance

The stock’s 50-day moving average is GBX 803.36 and its 200 day moving average is GBX 815.26. The stock has a market cap of £4.52 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.96 and a beta of 1.29. The company has a debt-to-equity ratio of 62.35, a current ratio of 1.93 and a quick ratio of 0.94.

Howden Joinery Group (LON:HWDN) last issued its earnings results on Thursday, July 23rd. The company reported GBX 17.30 earnings per share (EPS) for the quarter. Howden Joinery Group had a return on equity of 22.80% and a net margin of 10.86%. As a group, analysts predict that Howden Joinery Group Plc will post 52.8073286 earnings per share 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.