Howden Joinery Group (LON:HWDN) Sets New 52-Week Low – Here’s Why

Howden Joinery Group Plc (LON:HWDN) shares reached a new 52-week low on Wednesday . The company 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 research firms have issued reports on HWDN. JPMorgan Chase & Co. lifted their price target on Howden Joinery Group from GBX 680 ($8.37) to GBX 849 ($10.45) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 975 ($12.00) price target on shares of Howden Joinery Group in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 951.50 ($11.71).

Howden Joinery Group Stock Performance

The firm has a market capitalization of £4.15 billion, a PE ratio of 1,642.39, a PEG ratio of 1.96 and a beta of 1.07. 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 company has a 50-day moving average of GBX 812.90 and a 200 day moving average of GBX 877.74.

Insider Buying and Selling at Howden Joinery Group

In other Howden Joinery Group news, insider Suzy Neubert purchased 7,305 shares of the stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of GBX 821 ($10.10) per share, with a total value of £59,974.05 ($73,796.05). Insiders have bought 7,345 shares of company stock worth $6,031,612 over the last 90 days. Corporate 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.