Howden Joinery Group’s (HWDN) “Overweight” Rating Reiterated at Barclays

Barclays reiterated their overweight rating on shares of Howden Joinery Group (LON:HWDN) in a research report report published on Wednesday, MarketBeat.com reports. The brokerage currently has a GBX 1,010 ($12.69) price objective on the stock.

Several other equities analysts have also issued reports on the company. Citigroup lowered Howden Joinery Group to a neutral rating and set a GBX 865 ($10.87) price target on the stock. in a research note on Friday, March 1st. Berenberg Bank reissued a buy rating and issued a GBX 930 ($11.68) price target on shares of Howden Joinery Group in a report on Tuesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of Howden Joinery Group from GBX 670 ($8.42) to GBX 680 ($8.54) and gave the company a neutral rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada restated an outperform rating and issued a GBX 920 ($11.56) price target on shares of Howden Joinery Group in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of GBX 856.43 ($10.76).

Howden Joinery Group Stock Performance

Shares of HWDN stock opened at GBX 872 ($10.95) on Wednesday. The company has a market capitalization of £4.78 billion, a price-to-earnings ratio of 1,895.65, a P/E/G ratio of 2.01 and a beta of 1.01. Howden Joinery Group has a 1-year low of GBX 605 ($7.60) and a 1-year high of GBX 910 ($11.43). The company has a current ratio of 1.92, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. The stock’s fifty day simple moving average is GBX 865.82 and its 200-day simple moving average is GBX 787.33.

Howden Joinery Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 11th will be issued a GBX 16.20 ($0.20) dividend. This represents a yield of 2.1%. This is an increase from Howden Joinery Group’s previous dividend of $4.80. The ex-dividend date is Thursday, April 11th. Howden Joinery Group’s dividend payout ratio (DPR) is presently 4,565.22%.

Insider Activity

In related news, insider Andrew Livingston acquired 18 shares of Howden Joinery Group stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average cost of £153.09 ($192.30) per share, with a total value of £2,755.62 ($3,461.40). In related news, insider Andrew Livingston acquired 18 shares of Howden Joinery Group stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of £153.09 ($192.30) per share, with a total value of £2,755.62 ($3,461.40). Also, insider Vanda Murray acquired 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of GBX 874 ($10.98) per share, for a total transaction of £26,220 ($32,935.56). In the last 90 days, insiders acquired 7,213 shares of company stock worth $6,537,178. 0.55% of the stock is currently owned by insiders.

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.