Howden Joinery Group (LON:HWDN) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Howden Joinery Group Plc (LON:HWDN)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 826.21 and traded as low as GBX 766.50. Howden Joinery Group shares last traded at GBX 776, with a volume of 3,451,760 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 945 target price on shares of Howden Joinery Group in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 924.

Howden Joinery Group Stock Performance

The firm has a 50 day moving average of GBX 794 and a two-hundred day moving average of GBX 826.21. The stock has a market cap of £4.19 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 110.24, a quick ratio of 0.94 and a current ratio of 2.10.

Howden Joinery Group (LON:HWDN) last announced its earnings results on Thursday, February 26th. The company reported GBX 49.20 earnings per share for the quarter. Howden Joinery Group had a return on equity of 23.58% and a net margin of 11.07%. On average, research analysts predict that Howden Joinery Group Plc will post 52.8073286 EPS for the current fiscal year.

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. Local Howdens depots build trusted partnerships with trade professionals, helping them to exceed their customers’ expectations and allowing their businesses and ours to profit from doing so.