Howden Joinery Group (LON:HWDN) Given "Outperform" Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Howden Joinery Group (LON:HWDN - Free Report) in a research note released on Friday, MarketBeat Ratings reports. Royal Bank of Canada currently has a GBX 920 ($11.64) price objective on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their target price on Howden Joinery Group from GBX 670 ($8.48) to GBX 680 ($8.61) and gave the stock a neutral rating in a report on Tuesday, March 5th. Citigroup cut shares of Howden Joinery Group to a neutral rating and set a GBX 865 ($10.95) price objective for the company. in a research note on Friday, March 1st. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 930 ($11.77) target price on shares of Howden Joinery Group in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Howden Joinery Group has a consensus rating of Moderate Buy and a consensus price target of GBX 830.83 ($10.52).

Howden Joinery Group Stock Down 0.4 %

LON HWDN traded down GBX 3.50 ($0.04) during trading on Friday, hitting GBX 870 ($11.01). 1,114,136 shares of the company traded hands, compared to its average volume of 1,359,335. Howden Joinery Group has a 12 month low of GBX 605 ($7.66) and a 12 month high of GBX 910 ($11.52). The business has a fifty day simple moving average of GBX 842.54 and a 200 day simple moving average of GBX 769.80. The company has a market capitalization of £4.77 billion, a P/E ratio of 1,891.30, a PEG ratio of 2.01 and a beta of 1.01. The company has a current ratio of 1.92, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88.

Howden Joinery Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 11th will be paid a GBX 16.20 ($0.21) dividend. This is a boost from Howden Joinery Group's previous dividend of $4.80. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 2.1%. Howden Joinery Group's dividend payout ratio is currently 4,565.22%.

Insider Activity

In other news, insider Andrew Livingston bought 18 shares of the stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of £153.09 ($193.76) per share, with a total value of £2,755.62 ($3,487.69). In other Howden Joinery Group news, insider Paul Hayes bought 3,964 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of GBX 869 ($11.00) per share, for a total transaction of £34,447.16 ($43,598.48). Also, insider Andrew Livingston purchased 18 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average cost of £153.09 ($193.76) per share, with a total value of £2,755.62 ($3,487.69). In the last three months, insiders have acquired 4,020 shares of company stock worth $3,750,089. Corporate insiders own 0.55% of the company's stock.

Howden Joinery Group Company Profile

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.