Howden Joinery Group (LON:HWDN) Given “Overweight” Rating at Barclays

Barclays restated their overweight rating on shares of Howden Joinery Group (LON:HWDN) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a GBX 1,010 ($12.69) price objective on the stock.

HWDN has been the topic of several other research reports. Royal Bank of Canada restated an outperform rating and issued a GBX 920 ($11.56) price target on shares of Howden Joinery Group in a report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on shares of Howden Joinery Group from GBX 670 ($8.42) to GBX 680 ($8.54) and gave the company a neutral rating in a research report on Tuesday, March 5th. Berenberg Bank reaffirmed a buy rating and issued a GBX 930 ($11.68) price objective on shares of Howden Joinery Group in a research report on Tuesday, March 5th. Finally, Citigroup downgraded shares of Howden Joinery Group to a neutral rating and set a GBX 865 ($10.87) price objective for the company. in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of GBX 856.43 ($10.76).

Howden Joinery Group Trading Up 0.5 %

Shares of HWDN stock opened at GBX 861.50 ($10.82) on Wednesday. The firm has a market cap of £4.73 billion, a P/E ratio of 1,863.04, a PEG ratio of 2.01 and a beta of 1.01. Howden Joinery Group has a 1-year low of GBX 605 ($7.60) and a 1-year high of GBX 910 ($11.43). The company has a debt-to-equity ratio of 75.88, a current ratio of 1.92 and a quick ratio of 0.94. The firm’s 50-day simple moving average is GBX 863.22 and its 200-day simple moving average is GBX 785.35.

Howden Joinery Group Increases Dividend

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

Insider Transactions at Howden Joinery Group

In related news, insider Paul Hayes purchased 3,964 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of GBX 869 ($10.92) per share, with a total value of £34,447.16 ($43,269.89). In related news, insider Paul Hayes purchased 3,964 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of GBX 869 ($10.92) per share, with a total value of £34,447.16 ($43,269.89). Also, insider Andrew Livingston purchased 18 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were bought at an average cost of £153.09 ($192.30) per share, with a total value of £2,755.62 ($3,461.40). Over the last quarter, insiders purchased 4,213 shares of company stock valued at $3,915,178. 0.55% of the stock is currently owned by corporate insiders.

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.