Berenberg Bank Reiterates “Buy” Rating for Howden Joinery Group (LON:HWDN)

Howden Joinery Group (LON:HWDN)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 1,075 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 41.57% from the stock’s current price.

HWDN has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,210 price target on shares of Howden Joinery Group in a research report on Wednesday, June 24th. Royal Bank Of Canada upgraded shares of Howden Joinery Group to a “sector perform” rating and boosted their target price for the company from GBX 900 to GBX 960 in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 919 target price on shares of Howden Joinery Group in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Howden Joinery Group presently has an average rating of “Hold” and an average target price of GBX 1,023.80.

Howden Joinery Group Stock Down 1.4%

Shares of HWDN opened at GBX 759.34 on Thursday. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 59.19. The company has a 50-day moving average price of GBX 790.34 and a two-hundred day moving average price of GBX 818.71. The stock has a market cap of £4.18 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.96 and a beta of 1.30. Howden Joinery Group has a 12 month low of GBX 713 and a 12 month high of GBX 981.

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