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

Key Points

• Howden Joinery shares crossed above their 200-day moving average, reaching GBX 832 before last trading at GBX 824.91 on volume of approximately 1.04 million shares.
• Analyst sentiment is mixed: two analysts rate the stock Buy and three rate it Hold, producing an overall “Hold” consensus and an average price target of GBX 1,009.40.
• The company reported quarterly EPS of GBX 17.30, with a 22.80% return on equity and a 10.86% net margin; analysts expect full-year EPS of roughly GBX 52.81.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 815.55 and traded as high as GBX 832. Howden Joinery Group shares last traded at GBX 824.91, with a volume of 1,040,155 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,075 price target on shares of Howden Joinery Group in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Howden Joinery Group from GBX 900 to GBX 955 and gave the company a "neutral" rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,210 target price on shares of Howden Joinery Group in a research note on Wednesday, June 24th. Royal Bank Of Canada upgraded Howden Joinery Group to a "sector perform" rating and increased their target price for the company from GBX 900 to GBX 960 in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group dropped their price target on shares of Howden Joinery Group from GBX 976 to GBX 847 and set a "hold" rating on the stock in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Howden Joinery Group has an average rating of "Hold" and an average target price of GBX 1,009.40.

Howden Joinery Group Price Performance

The company has a debt-to-equity ratio of 62.35, a quick ratio of 0.94 and a current ratio of 1.93. The stock has a market capitalization of £4.52 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29. The stock's 50 day moving average is GBX 802.52 and its two-hundred day moving average is GBX 815.55.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported GBX 17.30 EPS for the quarter. Howden Joinery Group had a return on equity of 22.80% and a net margin of 10.86%. On average, equities analysts anticipate that Howden Joinery Group Plc will post 52.8073286 EPS for the current fiscal 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. Local Howdens depots build trusted partnerships with trade professionals, helping them to exceed their customers' expectations and allowing their businesses and ours to profit from doing so.

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