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

Key Points

• Howden Joinery Group's share price has surpassed its 200-day moving average, indicating a potential positive trend, with the stock currently trading at GBX 830.
• Several analysts have set price targets for Howden Joinery Group shares, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 975.
• The company's recent quarterly earnings showed an EPS of GBX 16.40, with a strong return on equity of 25.70% and a net margin of 10.82%.

Shares of Howden Joinery Group Plc (LON:HWDN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 810.08 ($10.91) and traded as high as GBX 856 ($11.53). Howden Joinery Group shares last traded at GBX 830 ($11.18), with a volume of 2,034,147 shares trading hands.

Analyst Ratings Changes

HWDN has been the topic of several analyst reports. Berenberg Bank reiterated a "buy" rating and set a GBX 975 target price on shares of Howden Joinery Group in a research report on Monday, September 8th. Citigroup boosted their target price on Howden Joinery Group from GBX 855 to GBX 900 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on Howden Joinery Group from GBX 824 to GBX 884 and gave the company a "neutral" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 919.67.

Howden Joinery Group Stock Performance

The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 60.20. The stock has a market capitalization of £4.55 billion, a price-to-earnings ratio of 1,811.02, a P/E/G ratio of 1.96 and a beta of 1.07. The firm has a 50-day moving average of GBX 852.75 and a 200-day moving average of GBX 811.87.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its quarterly earnings results 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%. As a group, sell-side analysts predict that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current 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.