Howden Joinery Group (LON:HWDN) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Howden Joinery Group shares crossed above their 200-day moving average, reaching GBX 812 before last trading at GBX 806.50 on volume of 1.63 million shares.
• Analyst sentiment remains mixed: two analysts rate the stock Buy and three rate it Hold, producing an overall Hold rating and an average price target of GBX 1,009.40.
• Howdens sells kitchens and joinery products exclusively to trade customers through more than 850 UK depots, with additional locations in France, Ireland, and Belgium.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 806.29 and traded as high as GBX 812. Howden Joinery Group shares last traded at GBX 806.50, with a volume of 1,628,863 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HWDN shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 847 target price on shares of Howden Joinery Group in a research report on Tuesday, October 20th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,075 price target on shares of Howden Joinery Group in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada raised shares of Howden Joinery Group to a "sector perform" rating and increased their price target for the stock from GBX 900 to GBX 960 in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 1,009.40.

Howden Joinery Group Trading Up 0.1%

The company has a current ratio of 1.93, a quick ratio of 0.94 and a debt-to-equity ratio of 62.35. The company has a market cap of £4.38 billion, a PE ratio of 16.53, a PEG ratio of 1.96 and a beta of 1.28. The stock has a 50 day moving average price of GBX 774.02 and a 200 day moving average price of GBX 806.29.

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. 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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