Berenberg Bank Reiterates "Buy" Rating for Howden Joinery Group (LON:HWDN)

Howden Joinery Group (LON:HWDN - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Berenberg Bank in a report released on Thursday, MarketBeat reports. They presently have a GBX 975 ($13.10) target price on the stock. Berenberg Bank's price objective would indicate a potential upside of 6.46% from the stock's previous close.

Separately, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 824 ($11.07) price objective on shares of Howden Joinery Group in a research note on Thursday, July 10th.

Howden Joinery Group Stock Up 0.3%

Howden Joinery Group stock traded up GBX 2.66 ($0.04) during mid-day trading on Thursday, reaching GBX 915.87 ($12.31). The company's stock had a trading volume of 1,657,921 shares, compared to its average volume of 4,462,855. The business's 50 day simple moving average is GBX 849.87 and its 200 day simple moving average is GBX 797.42. Howden Joinery Group has a 12 month low of GBX 647.10 ($8.70) and a 12 month high of GBX 982.50 ($13.20). The company has a market capitalization of £5.00 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. 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 (LON:HWDN - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported GBX 16.40 ($0.22) earnings per share 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 anticipate that Howden Joinery Group will post 52.8073286 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jackie Callaway acquired 28,916 shares of Howden Joinery Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average price of GBX 865 ($11.62) per share, with a total value of £250,123.40 ($336,097.02). Insiders have bought a total of 28,969 shares of company stock worth $25,056,538 in the last three months. 0.47% of the stock is owned by company 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.