Berenberg Bank Reaffirms 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, MarketBeat reports. They presently have a GBX 975 ($12.69) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 18.04% from the company’s current price.

Separately, Jefferies Financial Group upped their target price on Howden Joinery Group from GBX 1,042 ($13.56) to GBX 1,090 ($14.19) and gave the company a “buy” rating in a research note on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 923.33 ($12.02).

Howden Joinery Group Price Performance

Shares of LON HWDN opened at GBX 826 ($10.75) on Thursday. 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 company’s 50-day moving average price is GBX 907.11 and its 200 day moving average price is GBX 904.18. Howden Joinery Group has a 52 week low of GBX 637.60 ($8.30) and a 52 week high of GBX 982.50 ($12.79). The stock has a market cap of £4.54 billion, a price-to-earnings ratio of 1,795.65, a PEG ratio of 1.96 and a beta of 1.07.

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.