Howden Joinery Group Plc (LON:HWDN) Receives Consensus Rating of “Moderate Buy” from Analysts

Howden Joinery Group Plc (LON:HWDN) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 830.83 ($10.34).

A number of brokerages have recently commented on HWDN. Berenberg Bank reiterated a “buy” rating and set a GBX 930 ($11.58) price target on shares of Howden Joinery Group in a report on Tuesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 920 ($11.45) price target on shares of Howden Joinery Group in a report on Friday, April 12th. Citigroup downgraded shares of Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.77) price target for the company. in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Howden Joinery Group from GBX 670 ($8.34) to GBX 680 ($8.47) and gave the stock a “neutral” rating in a report on Tuesday, March 5th.

Howden Joinery Group Stock Performance

LON:HWDN opened at GBX 853.50 ($10.62) on Friday. The company has a current ratio of 1.92, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. The firm has a 50-day moving average price of GBX 849.15 and a two-hundred day moving average price of GBX 773.38. Howden Joinery Group has a twelve month low of GBX 605 ($7.53) and a twelve month high of GBX 910 ($11.33). The company has a market capitalization of £4.68 billion, a P/E ratio of 1,855.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

Howden Joinery Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be given a GBX 16.20 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Howden Joinery Group’s previous dividend of $4.80. This represents a dividend yield of 2.1%. Howden Joinery Group’s dividend payout ratio (DPR) is currently 4,565.22%.

Insider Buying and Selling

In related news, insider Paul Hayes bought 212 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average cost of GBX 848 ($10.56) per share, with a total value of £1,797.76 ($2,237.97). In other Howden Joinery Group news, insider Paul Hayes purchased 212 shares of Howden Joinery Group stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of GBX 848 ($10.56) per share, with a total value of £1,797.76 ($2,237.97). Also, insider Andrew Livingston purchased 18 shares of Howden Joinery Group stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of £153.09 ($190.58) per share, for a total transaction of £2,755.62 ($3,430.37). Over the last three months, insiders have purchased 4,213 shares of company stock valued at $3,915,178. Insiders own 0.55% of the company’s stock.

About Howden Joinery Group

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.