Howden Joinery Group (LON:HWDN) Hits New 1-Year High at $960.50

Howden Joinery Group Plc (LON:HWDN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 960.50 ($12.56) and last traded at GBX 951 ($12.44), with a volume of 3828795 shares changing hands. The stock had previously closed at GBX 956 ($12.50).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price objective on shares of Howden Joinery Group from GBX 1,042 ($13.63) to GBX 1,090 ($14.25) and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Howden Joinery Group has an average rating of “Moderate Buy” and a consensus target price of GBX 904.29 ($11.83).

Howden Joinery Group Price Performance

The stock’s 50 day moving average price is GBX 915.94 and its 200-day moving average price is GBX 892.18. The company has a quick ratio of 0.94, a current ratio of 1.99 and a debt-to-equity ratio of 75.88. The stock has a market capitalization of £5.21 billion, a PE ratio of 2,078.26, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07.

Howden Joinery Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 17th will be given a GBX 4.90 ($0.06) dividend. The ex-dividend date is Thursday, October 17th. This represents a yield of 0.52%. Howden Joinery Group’s dividend payout ratio (DPR) is 4,565.22%.

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.