Howden Joinery Group (LON:HWDN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Howden Joinery Group Plc (LON:HWDN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 858.79 ($10.81) and traded as high as GBX 867 ($10.91). Howden Joinery Group shares last traded at GBX 866.83 ($10.91), with a volume of 1,264,507 shares traded.

Analyst Ratings Changes

HWDN has been the subject of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 975 ($12.27) target price on shares of Howden Joinery Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Howden Joinery Group from GBX 680 ($8.56) to GBX 849 ($10.69) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 951.50 ($11.98).

Howden Joinery Group Stock Performance

The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 60.20. The stock’s 50-day moving average price is GBX 798.85 and its 200-day moving average price is GBX 858.23. The company has a market capitalization of £4.66 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.96 and a beta of 1.07.

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.