Howden Joinery Group (LON:HWDN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Howden Joinery Group Plc (LON:HWDN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 797.42 and traded as low as GBX 750.68. Howden Joinery Group shares last traded at GBX 756.43, with a volume of 132,837,891 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HWDN. Berenberg Bank reiterated a “buy” rating and set a GBX 1,075 target price on shares of Howden Joinery Group in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 847 price objective on shares of Howden Joinery Group in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,210 target price on shares of Howden Joinery Group in a report on Wednesday, June 24th. Royal Bank Of Canada raised Howden Joinery Group to a “sector perform” rating and raised their price objective for the stock from GBX 900 to GBX 960 in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on 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 Price Performance

The company has a market capitalization of £4.16 billion, a PE ratio of 15.60, a price-to-earnings-growth 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. The company’s 50 day simple moving average is GBX 788.24 and its 200 day simple moving average is GBX 796.52.

Howden Joinery Group (LON:HWDN) last issued its quarterly earnings data 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, sell-side analysts predict that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current year.

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.