Howden Joinery Group (LON:HWDN) Earns Hold Rating from Jefferies Financial Group

Key Points

• Jefferies reaffirmed a “hold” rating on Howden Joinery Group and set an 847 GBX price target, implying approximately 1.99% upside from the stock’s current price.
• Analyst sentiment is mixed but leans neutral: two analysts rate the shares “buy” and three rate them “hold,” producing a consensus “hold” rating and an average target of 1,009.40 GBX.
• Howden Joinery reported quarterly EPS of 17.30 GBX, with a 22.80% return on equity and a 10.86% net margin; shares opened at 830.50 GBX and have traded between 713 GBX and 981 GBX over the past year.

Howden Joinery Group (LON:HWDN - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 847 price target on the stock. Jefferies Financial Group's price objective suggests a potential upside of 1.99% from the company's current price.

HWDN has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,210 target price on shares of Howden Joinery Group in a research report on Wednesday, June 24th. Royal Bank Of Canada raised shares of Howden Joinery Group to a "sector perform" rating and upped their price target for the stock from GBX 900 to GBX 960 in a research report on Wednesday, July 22nd. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,075 price target on shares of Howden Joinery Group in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 1,009.40.

Howden Joinery Group Price Performance

HWDN stock opened at GBX 830.50 on Wednesday. The stock has a market capitalization of £4.55 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29. 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 has a 52-week low of GBX 713 and a 52-week high of GBX 981. The stock's fifty day simple moving average is GBX 802.52 and its 200-day simple moving average is GBX 815.55.

Howden Joinery Group (LON:HWDN - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported GBX 17.30 EPS for the quarter. Howden Joinery Group had a return on equity of 22.80% and a net margin of 10.86%. Equities research analysts expect that Howden Joinery Group will post 52.8073286 EPS 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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