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

Shares of Howden Joinery Group Plc (LON:HWDN) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 904.29 ($11.95).

Separately, Jefferies Financial Group lifted their price objective on Howden Joinery Group from GBX 1,042 ($13.76) to GBX 1,090 ($14.40) and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

Howden Joinery Group Stock Performance

HWDN stock opened at GBX 963 ($12.72) on Tuesday. The stock has a 50-day moving average price of GBX 921.41 and a 200-day moving average price of GBX 897.74. Howden Joinery Group has a 1-year low of GBX 612 ($8.08) and a 1-year high of GBX 965 ($12.75). The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. The firm has a market cap of £5.29 billion, a PE ratio of 2,094.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07.

Howden Joinery Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 17th will be paid a dividend of GBX 4.90 ($0.06) per share. The ex-dividend date is Thursday, October 17th. This represents a yield of 0.52%. Howden Joinery Group’s dividend payout ratio (DPR) is currently 4,565.22%.

About Howden Joinery Group

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, including fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances.