Howden Joinery Group (LON:HWDN) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Howden Joinery Group's stock price fell below its 200-day moving average, currently at GBX 826.11, with trades reaching a low of GBX 789.
• Analyst ratings show a consensus rating of "Hold", with 1 analyst giving a Buy rating and 2 issuing Hold ratings; the average target price is set at GBX 919.67.
• The company reported a quarterly EPS of GBX 16.40 with a net margin of 10.82% and an anticipated EPS of approximately 52.81 for the current fiscal year.

Shares of Howden Joinery Group Plc (LON:HWDN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 826.11 ($11.07) and traded as low as GBX 789 ($10.58). Howden Joinery Group shares last traded at GBX 806 ($10.80), with a volume of 1,449,713 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HWDN. JPMorgan Chase & Co. restated a "neutral" rating on shares of Howden Joinery Group in a research report on Friday, October 3rd. Citigroup upped their target price 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. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 975 target price on shares of Howden Joinery Group in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 919.67.

Howden Joinery Group Stock Up 0.2%

The firm's 50-day simple moving average is GBX 840.04 and its 200 day simple moving average is GBX 826.11. The company has a market cap of £4.37 billion, a P/E ratio of 17.44, a PEG ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99.

Howden Joinery Group (LON:HWDN - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported GBX 16.40 earnings per share (EPS) for the quarter. Howden Joinery Group had a net margin of 10.82% and a return on equity of 25.70%. On average, research analysts forecast that Howden Joinery Group Plc will post 52.8073286 earnings per share 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.

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