Howden Joinery Group (LON:HWDN) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Howden Joinery Group's share price has risen above its 200-day moving average, trading at GBX 858 ($11.52) with a recent high of GBX 866 ($11.63).
• Analysts have recently increased their target prices for Howden Joinery Group, with Berenberg Bank setting a target of GBX 975 ($13.10) and Citigroup raising it to GBX 900 ($12.09).
• Insider Jackie Callaway purchased 28,916 shares at GBX 865 ($11.62) each, indicating confidence in the company's future prospects.

Shares of Howden Joinery Group Plc (LON:HWDN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 805.15 ($10.81) and traded as high as GBX 866 ($11.63). Howden Joinery Group shares last traded at GBX 858 ($11.52), with a volume of 757,923 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Howden Joinery Group from GBX 824 ($11.07) to GBX 884 ($11.87) and gave the stock a "neutral" rating in a report on Friday, July 25th. Berenberg Bank reissued a "buy" rating and set a GBX 975 ($13.10) target price on shares of Howden Joinery Group in a report on Thursday, July 24th. Finally, Citigroup boosted their target price on Howden Joinery Group from GBX 855 ($11.48) to GBX 900 ($12.09) and gave the stock a "neutral" rating in a report on Friday, July 25th.

Howden Joinery Group Trading Up 0.3%

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 business has a fifty day simple moving average of GBX 853.90 and a 200 day simple moving average of GBX 805.15. The stock has a market capitalization of £4.70 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported GBX 16.40 ($0.22) EPS for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. As a group, research analysts expect that Howden Joinery Group Plc will post 52.8073286 EPS for the current year.

Insider Buying and Selling

In other news, insider Jackie Callaway acquired 28,916 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 865 ($11.62) per share, with a total value of £250,123.40 ($335,961.58). Over the last quarter, insiders acquired 28,969 shares of company stock valued at $25,056,538. Corporate insiders own 0.47% of the company's stock.

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.