Howden Joinery Group Plc (LON:HWDN) Receives Average Rating of “Hold” from Brokerages

Shares of Howden Joinery Group Plc (LON:HWDN) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 536.67 ($7.01).

A number of brokerages have issued reports on HWDN. JPMorgan Chase & Co. upped their price objective on shares of Howden Joinery Group from GBX 460 ($6.01) to GBX 480 ($6.27) and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Peel Hunt reaffirmed a “hold” rating on shares of Howden Joinery Group in a research report on Thursday, February 28th. Numis Securities raised shares of Howden Joinery Group to an “add” rating and upped their price objective for the stock from GBX 512 ($6.69) to GBX 575 ($7.51) in a research report on Monday, April 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 580 ($7.58) price objective on shares of Howden Joinery Group in a research report on Thursday, May 2nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Howden Joinery Group in a research report on Thursday, February 28th.

Shares of LON:HWDN traded down GBX 0.80 ($0.01) during midday trading on Friday, hitting GBX 499.10 ($6.52). 1,486,487 shares of the company’s stock were exchanged, compared to its average volume of 3,230,000. The company has a market cap of $3.00 billion and a PE ratio of 16.00. Howden Joinery Group has a 12 month low of GBX 412.40 ($5.39) and a 12 month high of GBX 541.80 ($7.08).

In related news, insider Karen Caddick bought 3,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of GBX 518 ($6.77) per share, for a total transaction of £15,540 ($20,305.76). Also, insider Mark Robson bought 5,746 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of GBX 484 ($6.32) per share, for a total transaction of £27,810.64 ($36,339.53).

About Howden Joinery Group

Howden Joinery Group Plc engages in the manufacture, sourcing, sale, and distribution of kitchens and joinery products in the United Kingdom, France, Belgium, the Netherlands, and Germany. The company offers kitchen cabinets, doors and worktops, breakfast bars, ovens, dishwashers, fridge-freezers, built-under fridges, frontals, sinks, taps, flooring, hardware products, lighting products, joinery doors, and skirting and architrave products.

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Analyst Recommendations for Howden Joinery Group (LON:HWDN)

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