Howden Joinery Group (LON:HWDN) Shares Up 10.1% - Should You Buy?

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price rose 10.1% on Thursday . The stock traded as high as GBX 929.08 ($12.62) and last traded at GBX 920 ($12.50). Approximately 51,172,430 shares changed hands during trading, an increase of 964% from the average daily volume of 4,810,013 shares. The stock had previously closed at GBX 835.50 ($11.35).

Analysts Set New Price Targets

HWDN has been the topic of several research analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 975 ($13.25) price objective on shares of Howden Joinery Group in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 824 ($11.20) price target on shares of Howden Joinery Group in a report on Thursday, July 10th.

Howden Joinery Group Stock Up 9.0%

The company has a market capitalization of £4.97 billion, a PE ratio of 19.53, 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 current ratio of 1.99 and a quick ratio of 0.94. The business's 50 day simple moving average is GBX 846.86 and its 200 day simple moving average is GBX 795.06.

Howden Joinery Group (LON:HWDN - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported GBX 16.40 ($0.22) earnings per share 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 earnings per share for the current fiscal year.

Insider Activity at Howden Joinery Group

In other news, insider Jackie Callaway purchased 28,916 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average price of GBX 865 ($11.75) per share, for a total transaction of £250,123.40 ($339,841.58). Insiders bought 28,969 shares of company stock worth $25,056,538 over the last three months. 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.

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