Howden Joinery Group (LON:HWDN) Sets New 12-Month High at $964.00

Howden Joinery Group Plc (LON:HWDN) hit a new 52-week high on Tuesday . The stock traded as high as GBX 964 ($12.73) and last traded at GBX 961.50 ($12.70), with a volume of 937314 shares. The stock had previously closed at GBX 953 ($12.59).

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their price target on Howden Joinery Group from GBX 1,042 ($13.76) to GBX 1,090 ($14.40) 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. Based on data from MarketBeat, Howden Joinery Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 904.29 ($11.95).

Howden Joinery Group Stock Up 2.0 %

The company has a debt-to-equity ratio of 75.88, a current ratio of 1.99 and a quick ratio of 0.94. The firm has a market capitalization of £5.34 billion, a price-to-earnings ratio of 2,093.48, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The business has a fifty day moving average price of GBX 921.41 and a two-hundred day moving average price of GBX 897.74.

Howden Joinery Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 17th will be issued a dividend of GBX 4.90 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 0.52%. Howden Joinery Group’s dividend payout ratio (DPR) is presently 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.