Howden Joinery Group (LON:HWDN) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Howden Joinery Group Plc (LON:HWDN) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 892.11 ($11.26) and traded as low as GBX 827 ($10.44). Howden Joinery Group shares last traded at GBX 829.50 ($10.47), with a volume of 855,673 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HWDN. JPMorgan Chase & Co. lifted their price target on Howden Joinery Group from GBX 680 ($8.58) to GBX 849 ($10.72) and gave the company a “neutral” rating in a report on Thursday, December 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 975 ($12.31) target price on shares of Howden Joinery Group in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised their price target on shares of Howden Joinery Group from GBX 1,042 ($13.15) to GBX 1,090 ($13.76) and gave the stock a “buy” rating in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 951.50 ($12.01).

Howden Joinery Group Stock Down 0.7 %

The firm’s 50-day simple moving average is GBX 851.99 and its 200-day simple moving average is GBX 891.45. The company has a market capitalization of £4.53 billion, a price-to-earnings ratio of 1,790.22, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 75.88, a quick ratio of 0.94 and a current ratio of 1.99.

Insiders Place Their Bets

In other Howden Joinery Group news, insider Suzy Neubert purchased 7,305 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of GBX 821 ($10.36) per share, for a total transaction of £59,974.05 ($75,696.14). In the last quarter, insiders bought 7,361 shares of company stock worth $6,047,196. 0.47% of the stock is currently owned by company 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.