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

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 stock analysts at Berenberg Bank in a research note issued to investors on Monday, MarketBeat reports. They presently have a GBX 975 target price on the stock. Berenberg Bank's target price indicates a potential upside of 16.35% from the stock's previous close.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Howden Joinery Group from GBX 824 to GBX 884 and gave the stock a "neutral" rating in a report on Friday, July 25th. Citigroup upped their price target on shares of Howden Joinery Group from GBX 855 to GBX 900 and gave the stock a "neutral" rating in a report on Friday, July 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Howden Joinery Group presently has a consensus rating of "Hold" and an average target price of GBX 919.67.

Howden Joinery Group Price Performance

LON HWDN traded up GBX 0.50 on Monday, hitting GBX 838. 839,354 shares of the company's stock were exchanged, compared to its average volume of 4,768,034. The stock has a 50-day moving average of GBX 851.79 and a 200-day moving average of GBX 809.31. 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 52 week low of GBX 647.10 and a 52 week high of GBX 982.50. The stock has a market cap of £4.55 billion, a price-to-earnings ratio of 1,809.94, a P/E/G ratio of 1.96 and a beta of 1.07.

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