Howden Joinery Group (LON:HWDN) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Howden Joinery Group's share price recently surpassed its 200-day moving average, trading at GBX 850 ($11.43) after reaching a high of GBX 859 ($11.55).
• Analysts have a mixed outlook, with one rating a "buy" and two giving "hold" ratings, while the consensus target price is GBX 919.67.
• The company reported earnings of GBX 16.40 EPS for the last quarter, with a return on equity of 25.70% and a net margin of 10.82%.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 813.31 ($10.94) and traded as high as GBX 859 ($11.55). Howden Joinery Group shares last traded at GBX 850 ($11.43), with a volume of 1,879,781 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Berenberg Bank restated a "buy" rating and issued a GBX 975 price target on shares of Howden Joinery Group in a report on Monday, September 8th. Citigroup boosted their price target on Howden Joinery Group from GBX 855 to GBX 900 and gave the company a "neutral" rating in a 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Howden Joinery Group has an average rating of "Hold" and a consensus target price of GBX 919.67.

Howden Joinery Group Trading Down 0.9%

The company has a debt-to-equity ratio of 60.20, a current ratio of 1.99 and a quick ratio of 0.94. The business has a 50-day moving average of GBX 854.78 and a 200-day moving average of GBX 813.31. The firm has a market cap of £4.61 billion, a price-to-earnings ratio of 1,835.85, 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 (EPS) for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. Research analysts anticipate that Howden Joinery Group Plc will post 52.8073286 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.