Howden Joinery Group Plc (LON:HWDN) receives an average “moderate buy” recommendation from analysts

Shares of Howden Joinery Group Plc (LON:HWDN – Get Rating) received a consensus “moderate buy” recommendation from the six analysts who cover the company, MarketBeat Ratings reports. Two research analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among brokerages that have updated their coverage on the stock over the past year is 867.20 GBX ($10.48).

Several equity research analysts have recently released reports on the stock. Berenberg Bank cut its price target on Howden Joinery Group shares from GBX 780 ($9.42) to GBX 620 ($7.49) and set a “hold” rating on the stock in a report of research from Thursday, September 15. Shore Capital reiterated a “buy” rating on Howden Joinery Group shares in a Thursday, July 21 research report. Finally, JPMorgan Chase & Co. cut its price target on Howden Joinery Group shares from GBX 730 ($8.82) to GBX 660 ($7.97) and set a “neutral” rating on the stock. in a Wednesday, September 14 research report.

Howden Joinery Group loses 3.7%

Shares of Howden Joinery Group opened Monday at 535.60 GBX ($6.47). The stock has a market capitalization of £2.98 billion and a P/E ratio of 964.29. The company has a debt ratio of 70.33, a current ratio of 1.77 and a quick ratio of 0.94. Howden Joinery Group has a 1-year minimum of 534.80 GBX ($6.46) and a 1-year maximum of 973.80 GBX ($11.77). The company’s 50-day rolling average price is 617.16 GBX and its 200-day rolling average price is 670.02 GBX.

Howden Joinery Group cuts its dividend

The company also recently declared a dividend, which will be paid on Friday, November 18. Investors registered on Thursday, October 13 will receive a dividend of 4.70 GBX ($0.06). This represents a return of 0.75%. The ex-date of this dividend is Thursday, October 13. Howden Joinery Group’s dividend payout ratio is currently 34.82%.

Insider buying and selling

In other news, insider Andrew Livingston acquired 5,873 shares of the company in a trade on Tuesday, September 20. The share was purchased at an average cost of 559 GBX ($6.75) per share, with a total value of £32,830.07 ($39,669.01). In other news, insider Paul Hayes acquired 8,000 shares of the company in a trade on Wednesday, August 24. The share was purchased at an average cost of 597 GBX ($7.21) per share, with a total value of £47,760 ($57,709.04). Additionally, insider Andrew Livingston acquired 5,873 shares of the company in a trade on Tuesday, September 20. The shares were purchased at an average cost of 559 GBX ($6.75) per share, with a total value of £32,830.07 ($39,669.01). Over the past 90 days, insiders have purchased 13,947 shares of the company worth $8,104,102.

Howden Joinery Group Company Profile

(Get a rating)

Howden Joinery Group Plc, a kitchen supplier, offers a variety of kitchen, joinery and hardware products in the UK, France and Belgium. It offers kitchen cabinets, surfaces, fixtures, storage, fitted kitchens, kitchen doors, sinks and faucets, as well as household appliances; joinery products, such as sliding cabinet doors, door fittings, stairs and elements, floors, skirting boards, mouldings, doors and architrave products; and household appliances, such as kitchen, refrigerator, dishwasher and laundry products, as well as coffee machines.

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Analyst Recommendations for Howden Joinery Group (LON:HWDN)

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