Howden Joinery Group (LON:HWDN) Issues Quarterly Earnings Results

Howden Joinery Group (LON:HWDNGet Free Report) released its earnings results on Thursday. The company reported GBX 45.60 ($0.58) EPS for the quarter, Digital Look Earnings reports. Howden Joinery Group had a net margin of 10.82% and a return on equity of 25.70%.

Howden Joinery Group Price Performance

Shares of HWDN traded down GBX 61.69 ($0.78) during midday trading on Thursday, hitting GBX 777.31 ($9.86). 5,813,370 shares of the company traded hands, compared to its average volume of 5,396,009. The stock has a market cap of £4.24 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.96 and a beta of 1.07. The firm has a 50 day moving average of GBX 801.34 and a 200-day moving average of GBX 854.73. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.94 and a current ratio of 1.99. Howden Joinery Group has a 52 week low of GBX 736 ($9.33) and a 52 week high of GBX 982.50 ($12.46).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HWDN. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 975 ($12.37) target price on shares of Howden Joinery Group in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Howden Joinery Group from GBX 680 ($8.62) to GBX 849 ($10.77) and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 951.50 ($12.07).

Read Our Latest Stock Analysis on Howden Joinery Group

About Howden Joinery Group

(Get Free Report)

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.

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