Howden Joinery Group (LON:HWDN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Howden Joinery Group Plc (LON:HWDN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 823.46 and traded as low as GBX 806. Howden Joinery Group shares last traded at GBX 816.81, with a volume of 2,247,631 shares trading hands.

Analyst Upgrades and Downgrades

HWDN has been the topic of several analyst reports. Berenberg Bank raised their target price on Howden Joinery Group from GBX 1,000 to GBX 1,075 and gave the company a “buy” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,210 price target on shares of Howden Joinery Group in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 919 price objective on shares of Howden Joinery Group in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 993.17.

Howden Joinery Group Price Performance

The stock has a market cap of £4.25 billion, a PE ratio of 15.75, a P/E/G ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 59.19, a current ratio of 2.10 and a quick ratio of 0.94. The business has a fifty day moving average of GBX 785.47 and a 200 day moving average of GBX 822.55.

Howden Joinery Group Company Profile

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.