Howden Joinery Group (LON:HWDN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Howden Joinery Group Plc (LON:HWDN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 823.46 and traded as low as GBX 806. Howden Joinery Group shares last traded at GBX 816.81, with a volume of 2,247,631 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,210 price target on shares of Howden Joinery Group in a report on Wednesday, June 24th. Jefferies Financial Group reissued a “hold” rating and set a GBX 919 price target on shares of Howden Joinery Group in a research note on Thursday, June 4th. Finally, Berenberg Bank raised their price objective on Howden Joinery Group from GBX 1,000 to GBX 1,075 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howden Joinery Group currently has a consensus rating of “Hold” and an average price target of GBX 993.17.

Howden Joinery Group Price Performance

The company’s 50-day moving average is GBX 787.20 and its 200-day moving average is GBX 823.46. The firm has a market capitalization of £4.37 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 59.19, a current ratio of 2.10 and a quick ratio of 0.94.

About Howden Joinery Group

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.