Howden Joinery Group (LON:HWDN) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Howden Joinery Group shares have recently passed above their 200-day moving average, trading as high as GBX 877.50 ($11.84) on Tuesday.
• Analysts have positive outlooks for the company, with price targets ranging from GBX 884 to GBX 975, and a consensus rating of "Hold."
• The company reported earnings of GBX 16.40 per share for the quarter and had a strong return on equity of 25.70%.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 807.52 ($10.86) and traded as high as GBX 877.50 ($11.81). Howden Joinery Group shares last traded at GBX 877 ($11.80), with a volume of 1,100,056 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on HWDN. JPMorgan Chase & Co. increased their price objective on shares of Howden Joinery Group from GBX 824 to GBX 884 and gave the company a "neutral" rating in a research report on Friday, July 25th. Berenberg Bank reissued a "buy" rating and issued a GBX 975 price objective on shares of Howden Joinery Group in a research report on Thursday, July 24th. Finally, Citigroup increased their price objective on shares of Howden Joinery Group from GBX 855 to GBX 900 and gave the company a "neutral" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 919.67.

Howden Joinery Group Price Performance

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 stock's 50-day moving average is GBX 855.25 and its 200 day moving average is GBX 809.35. The stock has a market capitalization of £4.82 billion, a PE ratio of 18.93, a P/E/G ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its 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, equities analysts expect that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current year.

Insider Activity at Howden Joinery Group

In related news, insider Jackie Callaway bought 28,916 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 865 per share, with a total value of £250,123.40. Over the last quarter, insiders have acquired 28,951 shares of company stock valued at $25,041,981. 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.