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

Key Points

• Howden Joinery shares fell below their 200-day moving average of GBX 797.42, trading as low as GBX 750.68 and last changing hands at GBX 756.43 amid high volume.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy and three a Hold, producing a consensus rating of Hold and an average price target of GBX 1,009.40.
• The company reported quarterly EPS of GBX 17.30, with a 22.80% return on equity and 10.86% net margin; its market capitalization is approximately £4.13 billion.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 797.42 and traded as low as GBX 750.68. Howden Joinery Group shares last traded at GBX 756.43, with a volume of 132,837,891 shares trading hands.

Analysts Set New Price Targets

HWDN has been the topic of several research analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 1,075 price objective on shares of Howden Joinery Group in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a "neutral" rating in a research note on Tuesday, June 30th. Jefferies Financial Group restated a "hold" rating and set a GBX 847 price target on shares of Howden Joinery Group in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 1,210 price target on shares of Howden Joinery Group in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada upgraded Howden Joinery Group to a "sector perform" rating and boosted their price objective for the stock from GBX 900 to GBX 960 in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 1,009.40.

Howden Joinery Group Trading Down 0.3%

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 fifty day moving average price of GBX 788.45 and a two-hundred day moving average price of GBX 797.42. The firm has a market capitalization of £4.13 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.96 and a beta of 1.29.

Howden Joinery Group (LON:HWDN - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported GBX 17.30 EPS for the quarter. Howden Joinery Group had a return on equity of 22.80% and a net margin of 10.86%. As a group, research analysts forecast that Howden Joinery Group Plc will post 52.8073286 earnings per share for the current fiscal 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. 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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