Brokerages Set Howden Joinery Group Plc (LON:HWDN) Price Target at GBX 810.83

Shares of Howden Joinery Group Plc (LON:HWDN) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 810.83 ($10.25).

Several brokerages have recently issued reports on HWDN. Berenberg Bank restated a “buy” rating and issued a GBX 930 ($11.75) target price on shares of Howden Joinery Group in a report on Tuesday, March 5th. Citigroup cut shares of Howden Joinery Group to a “neutral” rating and set a GBX 865 ($10.93) target price on the stock. in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Howden Joinery Group from GBX 670 ($8.47) to GBX 680 ($8.59) and gave the stock a “neutral” rating in a report on Tuesday, March 5th.

Howden Joinery Group Trading Up 1.5 %

Shares of HWDN opened at GBX 906.80 ($11.46) on Tuesday. The firm’s 50 day simple moving average is GBX 824.08 and its 200 day simple moving average is GBX 759. The company has a market capitalization of £4.98 billion, a P/E ratio of 1,971.30, a P/E/G ratio of 1.99 and a beta of 1.01. The company has a debt-to-equity ratio of 75.88, a current ratio of 1.92 and a quick ratio of 0.94. Howden Joinery Group has a 1-year low of GBX 605 ($7.65) and a 1-year high of GBX 908.60 ($11.48).

Howden Joinery Group Increases Dividend

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

Insider Buying and Selling

In other news, insider Paul Hayes bought 3,964 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of GBX 869 ($10.98) per share, with a total value of £34,447.16 ($43,532.36). In related news, insider Andrew Livingston acquired 18 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was acquired at an average price of £153.09 ($193.47) per share, with a total value of £2,755.62 ($3,482.40). Also, insider Paul Hayes acquired 3,964 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of GBX 869 ($10.98) per share, with a total value of £34,447.16 ($43,532.36). In the last ninety days, insiders bought 4,020 shares of company stock valued at $3,750,089. 0.55% of the stock is owned by corporate insiders.

About Howden Joinery Group

Howden Joinery Group Plc manufactures and distributes various kitchens, joinery, and hardware products in the United Kingdom, France, Ireland, and Belgium. It offers 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.