Jefferies Financial Group Reaffirms "Hold" Rating for Howden Joinery Group (LON:HWDN)

Key Points

• Jefferies reaffirmed a “Hold” rating on Howden Joinery Group with an 847p price target, implying 10.36% upside from the prior close.
• Analyst sentiment remains mixed but leans neutral: two analysts rate the stock “Buy” and three rate it “Hold,” producing a consensus “Hold” rating and 1,009.40p average price target.
• Howden shares opened at 767.5p, while the company reported quarterly EPS of 17.30p, a 10.86% net margin and 22.80% return on equity.

Howden Joinery Group (LON:HWDN - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 847 price target on the stock. Jefferies Financial Group's target price indicates a potential upside of 10.36% from the stock's previous close.

Other analysts have also issued research reports about the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,075 target price on shares of Howden Joinery Group in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 1,210 price target on shares of Howden Joinery Group in a research report on Wednesday, June 24th. JPMorgan Chase & Co. raised their price target on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a "neutral" rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada raised shares of Howden Joinery Group to a "sector perform" rating and raised their price target for the company from GBX 900 to GBX 960 in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howden Joinery Group has a consensus rating of "Hold" and a consensus price target of GBX 1,009.40.

Howden Joinery Group Stock Down 1.0%

Howden Joinery Group stock opened at GBX 767.50 on Tuesday. The firm has a market cap of £4.17 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29. Howden Joinery Group has a 52 week low of GBX 713 and a 52 week high of GBX 981. The business's 50-day moving average price is GBX 776.26 and its 200 day moving average price is GBX 789.14. The company has a quick ratio of 0.94, a current ratio of 1.93 and a debt-to-equity ratio of 62.35.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported GBX 17.30 earnings per share for the quarter. Howden Joinery Group had a net margin of 10.86% and a return on equity of 22.80%. As a group, sell-side analysts anticipate that Howden Joinery Group will post 52.81 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.

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