Citigroup Forecasts Strong Price Appreciation for Howden Joinery Group (LON:HWDN) Stock

Key Points

• Citigroup has raised its target price for Howden Joinery Group from GBX 855 ($11.55) to GBX 900 ($12.16) while maintaining a "neutral" rating on the stock, suggesting a potential downside of 0.44% from its previous close.
• Other analysts, including Berenberg Bank and JPMorgan Chase, have issued varying target prices, with Berenberg setting a target at GBX 975 ($13.17), reflecting a more optimistic outlook.
• Insider Jackie Callaway purchased nearly 29,000 shares of Howden Joinery Group at an average price of GBX 865 ($11.68), indicating confidence in the company's future performance.

Howden Joinery Group (LON:HWDN - Get Free Report) had its target price raised by investment analysts at Citigroup from GBX 855 ($11.55) to GBX 900 ($12.16) in a research report issued on Friday,Digital Look reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target would suggest a potential downside of 0.44% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 975 ($13.17) target price on shares of Howden Joinery Group in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 824 ($11.13) target price on shares of Howden Joinery Group in a research report on Thursday, July 10th.

Howden Joinery Group Trading Down 0.7%

Shares of Howden Joinery Group stock opened at GBX 904 ($12.21) on Friday. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99. Howden Joinery Group has a 52 week low of GBX 647.10 ($8.74) and a 52 week high of GBX 982.50 ($13.27). The stock has a 50 day moving average price of GBX 848.37 and a two-hundred day moving average price of GBX 795.91. The stock has a market capitalization of £4.94 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported GBX 16.40 ($0.22) EPS for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. As a group, equities analysts anticipate that Howden Joinery Group will post 52.8073286 earnings per share for the current fiscal year.

Insider Activity

In other Howden Joinery Group news, insider Jackie Callaway acquired 28,916 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average price of GBX 865 ($11.68) per share, with a total value of £250,123.40 ($337,867.62). Insiders purchased a total of 28,969 shares of company stock worth $25,056,538 over the last 90 days. 0.47% of the stock is owned by insiders.

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.

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