Howden Joinery Group (LON:HWDN) Raised to Sector perform at Royal Bank Of Canada

Howden Joinery Group (LON:HWDN) was upgraded by research analysts at Royal Bank Of Canada to a “sector perform” rating in a report issued on Wednesday, Marketbeat reports. The brokerage presently has a GBX 960 price target on the stock, up from their prior price target of GBX 900. Royal Bank Of Canada’s price objective indicates a potential upside of 24.59% from the stock’s current price.

Several other equities analysts have also weighed in on HWDN. JPMorgan Chase & Co. lifted their target price on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Jefferies Financial Group restated a “hold” rating and set a GBX 919 price objective on shares of Howden Joinery Group in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,210 target price on shares of Howden Joinery Group in a research report on Wednesday, June 24th. Finally, Berenberg Bank increased their target price on Howden Joinery Group from GBX 1,000 to GBX 1,075 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,003.17.

Howden Joinery Group Stock Performance

Howden Joinery Group stock opened at GBX 770.50 on Wednesday. The stock has a fifty day moving average price of GBX 789.63 and a 200 day moving average price of GBX 819.13. Howden Joinery Group has a 52 week low of GBX 713 and a 52 week high of GBX 981. The firm has a market capitalization of £4.24 billion, a P/E ratio of 15.72, a PEG ratio of 1.96 and a beta of 1.30. The company has a current ratio of 2.10, a quick ratio of 0.94 and a debt-to-equity ratio of 59.19.

Howden Joinery Group (LON:HWDN) last posted its quarterly earnings results on Thursday, July 23rd. The company reported GBX 17.30 EPS for the quarter. Howden Joinery Group had a net margin of 11.07% and a return on equity of 23.58%. Equities research analysts anticipate that Howden Joinery Group will post 52.8073286 earnings per share for the current year.

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.