Howden Joinery Group's (HWDN) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Howden Joinery Group received a "buy" rating from Berenberg Bank with a price objective of GBX 975, indicating a potential upside of 15.66% from its previous close.
• The stock is currently rated as "Hold" by consensus, with an average target price of GBX 919.67, following recent upgrades from Citigroup and JPMorgan.
• Shares of Howden Joinery Group saw a 1.5% decline during trading, dropping to GBX 843, with a trading volume significantly below its average.

Howden Joinery Group (LON:HWDN - Get Free Report)'s stock had its "buy" rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a GBX 975 target price on the stock. Berenberg Bank's price objective would suggest a potential upside of 16.35% from the company's previous close.

HWDN has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Howden Joinery Group from GBX 824 to GBX 884 and gave the company a "neutral" rating in a report on Friday, July 25th. Citigroup increased their target price on shares of Howden Joinery Group from GBX 855 to GBX 900 and gave the company a "neutral" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Howden Joinery Group currently has a consensus rating of "Hold" and a consensus target price of GBX 919.67.

Howden Joinery Group Stock Performance

LON:HWDN traded up GBX 0.50 during mid-day trading on Monday, reaching GBX 838. The stock had a trading volume of 839,354 shares, compared to its average volume of 4,768,034. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99. The firm has a market capitalization of £4.55 billion, a price-to-earnings ratio of 1,809.94, a PEG ratio of 1.96 and a beta of 1.07. Howden Joinery Group has a twelve month low of GBX 647.10 and a twelve month high of GBX 982.50. The business has a 50 day simple moving average of GBX 851.79 and a 200 day simple moving average of GBX 809.52.

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

Howden Joinery Group Company Profile

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.