Howden Joinery Group (LON:HWDN) Hits New 12-Month Low – Here’s Why

Shares of Howden Joinery Group Plc (LON:HWDN) hit a new 52-week low on Wednesday . The stock traded as low as GBX 752.50 ($9.39) and last traded at GBX 755 ($9.42), with a volume of 788175 shares. The stock had previously closed at GBX 774 ($9.66).

Analyst Ratings Changes

Several analysts have commented on HWDN shares. Berenberg Bank reiterated a “buy” rating and set a GBX 975 ($12.16) target price on shares of Howden Joinery Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Howden Joinery Group from GBX 680 ($8.48) to GBX 849 ($10.59) and gave the company a “neutral” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 951.50 ($11.87).

Howden Joinery Group Price Performance

The stock has a fifty day moving average of GBX 817.21 and a 200 day moving average of GBX 879.43. The stock has a market cap of £4.16 billion, a price-to-earnings ratio of 1,643.48, a P/E/G ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 75.88, a current ratio of 1.99 and a quick ratio of 0.94.

Insider Transactions at Howden Joinery Group

In other news, insider Suzy Neubert bought 7,305 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 821 ($10.24) per share, with a total value of £59,974.05 ($74,817.93). Insiders have purchased 7,345 shares of company stock worth $6,031,612 over the last quarter. 0.47% of the stock is currently owned by insiders.

Howden Joinery Group Company Profile

Howden Joinery Group Plc is the parent company of Howdens.

Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium.

Howdens only sells to the trade – they have the expertise to ensure that our products are fitted to the highest possible standards.