Brokerages Set Howden Joinery Group Plc (LON:HWDN) Target Price at GBX 873.33

Howden Joinery Group Plc (LON:HWDN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 873.33 ($11.19).

A number of brokerages recently weighed in on HWDN. Barclays reaffirmed an “overweight” rating and issued a GBX 1,010 ($12.94) price target on shares of Howden Joinery Group in a research note on Wednesday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 920 ($11.78) price target on shares of Howden Joinery Group in a research note on Friday, April 12th.

Insiders Place Their Bets

In other news, insider Vanda Murray bought 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of GBX 874 ($11.20) per share, for a total transaction of £26,220 ($33,585.24). In other news, insider Vanda Murray bought 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of GBX 874 ($11.20) per share, for a total transaction of £26,220 ($33,585.24). Also, insider Paul Hayes bought 212 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were purchased at an average price of GBX 848 ($10.86) per share, with a total value of £1,797.76 ($2,302.75). Insiders acquired a total of 3,245 shares of company stock worth $2,831,549 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Howden Joinery Group Price Performance

LON:HWDN opened at GBX 900 ($11.53) on Thursday. Howden Joinery Group has a 52 week low of GBX 611.40 ($7.83) and a 52 week high of GBX 937 ($12.00). The company has a quick ratio of 0.94, a current ratio of 1.92 and a debt-to-equity ratio of 75.88. The stock has a market capitalization of £4.95 billion, a PE ratio of 1,956.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The stock’s 50-day moving average price is GBX 894.71 and its 200-day moving average price is GBX 852.44.

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.