Shore Capital Reaffirms Buy Rating of Howden Joinery Group (LON:HWDN)

Howden Joinery Group (LON:HWDN)The stock had its “buy” rating restated by equity analysts Shore Capital in a research report released Tuesday to clients and investors, reports PriceTargets.com.

A number of other analysts have also recently weighed in on the stock. Berenberg Bank cut shares of Howden Joinery Group to a “hold” rating and lowered its target price for the stock from 1,080 GBX ($14.60) to 940 GBX ($12.71) in a report from the Monday January 17. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a target price of 1,095 GBX ($14.81) on Howden Joinery Group shares in a research report on Tuesday, January 25. Finally, Liberum Capital upgraded shares of Howden Joinery Group to a “buy” rating and raised its target price for the company from 950 GBX ($12.85) to 1,050 GBX ($14.20) in a report of research from Tuesday, December 7. Six equity research analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 935.29 ($12.65).

Shares of LON:HWDN opened at 788.20 GBX ($10.66) on Tuesday. The stock has a market capitalization of £4.67 billion and a price-earnings ratio of 18.34. Howden Joinery Group has a 1-year minimum of 687 GBX ($9.29) and a 1-year maximum of 985.80 GBX ($13.33). The company’s fifty-day moving average is 866.80 GBX and its two-hundred-day moving average is 903.20 GBX. The company has a debt ratio of 75.88, a quick ratio of 1.31 and a current ratio of 1.85.

Howden Joinery Group Company Profile

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“There is a global shortage of chips… driving increasing demand. While this shortage has had a profound impact on a wide range of industries… These four companies are well positioned to take advantage of growing demand over the next 12 months and beyond.”

Howden Joinery Group Plc operates as a commercial kitchen supplier supplying various kitchen, joinery and hardware products in the UK, Isle of Man, France, Belgium, Netherlands and Germany. The company offers kitchen cabinets, surfaces, fixtures, storage, fitted kitchens, kitchen doors and furniture, sinks and taps, as well as household appliances; joinery products, such as sliding cabinet doors, stairs and their parts, mouldings, joinery doors, baseboards and architrave products; appliances, such as dishwashers, refrigerators and freezers, coffee makers, washing machines, tumble dryers and washer-dryers, cookers, hobs, extractor hoods, microwaves, ovens, warming drawers, cooking accessories and accessories for extractor hoods.

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