Howden Joinery Group (LON:HWDN) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Howden Joinery Group (LON:HWDN) had its price objective lifted by Berenberg Bank from GBX 1,000 to GBX 1,075 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 31.34% from the stock’s previous close.

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 919 price target on shares of Howden Joinery Group in a research note on Thursday, June 4th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 938.80.

Howden Joinery Group Trading Up 2.4%

Shares of HWDN opened at GBX 818.50 on Wednesday. Howden Joinery Group has a 52-week low of GBX 713 and a 52-week high of GBX 981. The stock has a market cap of £4.42 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. The firm’s fifty day moving average is GBX 787.03 and its two-hundred day moving average is GBX 822.02. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 59.19.

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.