Howden Joinery Group (LON:HWDN) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Howden Joinery Group's stock price has surpassed its 200-day moving average, trading at GBX 828 ($11.12) after reaching a high of GBX 834.50 ($11.21).
• Analysts have shown mixed views on the stock, with Citigroup and JPMorgan raising their target prices to GBX 900 and GBX 884 respectively, while Berenberg Bank maintained a "buy" rating with a target of GBX 975.
• The company reported earnings of GBX 16.40 per share with a net margin of 10.82% and a return on equity of 25.70% in its latest quarter ending July 24th.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 809.39 ($10.95) and traded as high as GBX 834.50 ($11.29). Howden Joinery Group shares last traded at GBX 828 ($11.20), with a volume of 1,190,657 shares changing hands.

Wall Street Analyst Weigh In

HWDN has been the subject of a number of recent analyst reports. Citigroup increased 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. JPMorgan Chase & Co. increased their price target on Howden Joinery Group from GBX 824 to GBX 884 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 975 price target on shares of Howden Joinery Group in a report on Monday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Howden Joinery Group 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 current ratio of 1.99 and a quick ratio of 0.94. The firm has a market capitalization of £4.52 billion, a price-to-earnings ratio of 1,798.06, a PEG ratio of 1.96 and a beta of 1.07. The business's fifty day simple moving average is GBX 852.26 and its 200 day simple moving average is GBX 809.30.

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

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.