Howden Joinery Group (LON:HWDN) Stock Price Up 9% on Analyst Upgrade

Key Points

• Howden Joinery Group's stock surged by 9% after JPMorgan Chase & Co. upgraded its price target from GBX 824 to GBX 884 while maintaining a neutral rating.
• Insider trading activity included Jackie Callaway purchasing 28,916 shares at GBX 865, with total insider purchases amounting to $25 million over the last quarter.
• The company recently reported earnings per share of GBX 16.40, showcasing a net margin of 10.82% and a return on equity of 25.70% for the quarter ended July 24.

Howden Joinery Group Plc (LON:HWDN - Get Free Report) shot up 9% during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 824 to GBX 884. JPMorgan Chase & Co. currently has a neutral rating on the stock. Howden Joinery Group traded as high as GBX 939.85 ($12.70) and last traded at GBX 910.91 ($12.30). 6,744,285 shares changed hands during trading, an increase of 50% from the average session volume of 4,497,139 shares. The stock had previously closed at GBX 835.50 ($11.29).

A number of other equities analysts have also weighed in on the stock. Citigroup lifted their price target on shares of Howden Joinery Group from GBX 855 ($11.55) to GBX 900 ($12.16) and gave the company a "neutral" rating in a report on Friday. Berenberg Bank reiterated a "buy" rating and issued a GBX 975 ($13.17) price target on shares of Howden Joinery Group in a report on Thursday.

Insider Buying and Selling

In other Howden Joinery Group news, insider Jackie Callaway bought 28,916 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average cost of GBX 865 ($11.68) per share, with a total value of £250,123.40 ($337,867.62). Insiders have purchased 28,969 shares of company stock worth $25,056,538 over the last quarter. Insiders own 0.47% of the company's stock.

Howden Joinery Group Trading Down 0.2%

The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 60.20. The business's fifty day simple moving average is GBX 848.37 and its two-hundred day simple moving average is GBX 795.91. The stock has a market capitalization of £4.96 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported GBX 16.40 ($0.22) 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%. As a group, analysts forecast that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current 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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