Howden Joinery Group (LON:HWDN) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Howden Joinery Group's stock price recently crossed above its 200-day moving average of GBX 801.63, reaching a high of GBX 879.50 before trading at GBX 862.
• Several analysts have upgraded their price targets for the company, with Citigroup setting a target of GBX 900 and Berenberg Bank maintaining a "buy" rating with a GBX 975 target.
• Insider trading activity shows Jackie Callaway purchased 28,916 shares at an average of GBX 865, highlighting insider confidence in the company's performance.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 801.63 ($10.66) and traded as high as GBX 879.50 ($11.69). Howden Joinery Group shares last traded at GBX 862 ($11.46), with a volume of 1,107,778 shares traded.

Analysts Set New Price Targets

HWDN has been the topic of a number of recent research reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 975 ($12.96) target price on shares of Howden Joinery Group in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Howden Joinery Group from GBX 824 ($10.96) to GBX 884 ($11.75) and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Citigroup increased their price objective on shares of Howden Joinery Group from GBX 855 ($11.37) to GBX 900 ($11.97) and gave the company a "neutral" rating in a research report on Friday, July 25th.

Howden Joinery Group Stock Up 0.1%

The company's 50-day moving average is GBX 854.15 and its 200 day moving average is GBX 802.87. The company has a market capitalization of £4.68 billion, a PE ratio of 18.39, a P/E/G 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 announced 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, analysts anticipate that Howden Joinery Group Plc will post 52.8073286 EPS for the current year.

Insider Activity

In related news, insider Jackie Callaway purchased 28,916 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of GBX 865 ($11.50) per share, with a total value of £250,123.40 ($332,566.68). Over the last quarter, insiders have bought 28,969 shares of company stock worth $25,056,538. Company insiders own 0.47% of the company's stock.

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.