Howden Joinery Group (LON:HWDN) Receives Buy Rating from Berenberg Bank

Howden Joinery Group (LON:HWDN)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1,075 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 37.56% from the company’s current price.

HWDN has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on Howden Joinery Group from GBX 900 to GBX 955 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,210 target price on shares of Howden Joinery Group in a report on Wednesday, June 24th. Royal Bank Of Canada upgraded shares of Howden Joinery Group to a “sector perform” rating and lifted their price target for the company from GBX 900 to GBX 960 in a report on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 919 price target on shares of Howden Joinery Group in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,003.17.

Howden Joinery Group Stock Performance

LON:HWDN opened at GBX 781.50 on Thursday. The company has a current ratio of 2.10, a quick ratio of 0.94 and a debt-to-equity ratio of 59.19. The company’s 50-day moving average price is GBX 788.88 and its 200-day moving average price is GBX 819.63. Howden Joinery Group has a twelve month low of GBX 713 and a twelve month high of GBX 981. The company has a market cap of £4.30 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.96 and a beta of 1.30.

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.