Howden Joinery Group (LON:HWDN) Sets New 1-Year Low – Here’s What Happened

Howden Joinery Group Plc (LON:HWDN) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 752.50 ($9.26) and last traded at GBX 755 ($9.29), with a volume of 788175 shares traded. The stock had previously closed at GBX 774 ($9.52).

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 975 ($12.00) price target on shares of Howden Joinery Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Howden Joinery Group from GBX 680 ($8.37) to GBX 849 ($10.45) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 951.50 ($11.71).

Howden Joinery Group Price Performance

The firm has a market cap of £4.15 billion, a P/E ratio of 1,642.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 75.88, a current ratio of 1.99 and a quick ratio of 0.94. The firm’s 50 day moving average is GBX 812.90 and its 200 day moving average is GBX 877.74.

Insider Activity

In related news, insider Suzy Neubert purchased 7,305 shares of Howden Joinery Group stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of GBX 821 ($10.10) per share, for a total transaction of £59,974.05 ($73,796.05). Over the last ninety days, insiders acquired 7,345 shares of company stock worth $6,031,612. Insiders own 0.47% of the company’s stock.

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.