Howden Joinery Group (LON:HWDN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. raised the price target for Howden Joinery Group from GBX 824 to GBX 884, maintaining a "neutral" rating.
• Berenberg Bank reiterated a "buy" rating with a higher target price of GBX 975, while Citigroup increased its target from GBX 855 to GBX 900, also with a "neutral" rating.
• Recent insider activity includes acquisition of nearly 29,000 shares by an insider at an average price of GBX 865, amounting to approximately £250,123.40.

Howden Joinery Group (LON:HWDN - Get Free Report) had its target price upped by equities researchers at JPMorgan Chase & Co. from GBX 824 ($11.01) to GBX 884 ($11.81) in a note issued to investors on Friday, Marketbeat reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 1.17% from the company's previous close.

A number of other equities analysts also recently issued reports on HWDN. Citigroup lifted their price objective on shares of Howden Joinery Group from GBX 855 ($11.42) to GBX 900 ($12.02) and gave the stock a "neutral" rating in a report on Friday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 975 ($13.03) price objective on shares of Howden Joinery Group in a report on Thursday, July 24th.

Howden Joinery Group Trading Down 0.7%

LON:HWDN traded down GBX 6 ($0.08) during mid-day trading on Friday, hitting GBX 894.50 ($11.95). 3,065,708 shares of the company's stock were exchanged, compared to its average volume of 4,453,219. The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 60.20. Howden Joinery Group has a fifty-two week low of GBX 647.10 ($8.65) and a fifty-two week high of GBX 982.50 ($13.13). The company has a 50 day simple moving average of GBX 851.27 and a 200-day simple moving average of GBX 798.54. The firm has a market capitalization of £4.88 billion, a P/E ratio of 19.17, a PEG ratio of 1.96 and a beta of 1.07.

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

Insider Transactions at Howden Joinery Group

In other Howden Joinery Group news, insider Jackie Callaway purchased 28,916 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 865 ($11.56) per share, with a total value of £250,123.40 ($334,166.20). Insiders have purchased 28,969 shares of company stock worth $25,056,538 in the last three months. Insiders own 0.47% of the company's stock.

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.