Howden Joinery Group (LON:HWDN) Price Target Cut to GBX 660 by Analysts at JPMorgan Chase & Co.

Howden Joinery Group (LON:HWDNGet Rating) had its price target decreased by JPMorgan Chase & Co. from GBX 730 ($8.82) to GBX 660 ($7.97) in a research report released on Wednesday morning, reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Howden Joinery Group in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of GBX 867.20 ($10.48).

Howden Joinery Group Price Performance

HWDN stock opened at GBX 585.40 ($7.07) on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.94 and a debt-to-equity ratio of 70.33. Howden Joinery Group has a one year low of GBX 537.20 ($6.49) and a one year high of GBX 985.80 ($11.91). The firm has a market capitalization of £3.25 billion and a PE ratio of 1,043.93. The firm has a 50-day moving average of GBX 623.69 and a two-hundred day moving average of GBX 682.15.

Howden Joinery Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 18th. Stockholders of record on Thursday, October 13th will be given a GBX 4.70 ($0.06) dividend. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, October 13th. Howden Joinery Group’s dividend payout ratio (DPR) is 34.82%.

Insider Transactions at Howden Joinery Group

In related news, insider Paul Hayes purchased 8,000 shares of Howden Joinery Group stock in a transaction dated Wednesday, August 24th. The stock was acquired at an average cost of GBX 597 ($7.21) per share, with a total value of £47,760 ($57,709.04). Insiders purchased 8,072 shares of company stock valued at $4,821,086 over the last three months.

About Howden Joinery Group

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Howden Joinery Group Plc, a trade kitchen supplier, provides various products across kitchens, joinery, and hardware in the United Kingdom, France, and Belgium. It offers kitchen cabinets, surfaces, fittings, storages, fitted kitchens, kitchen doors, sinks, and taps, as well as appliances; joinery products, such as sliding wardrobe doors, door fittings, stairs and parts, floors, skirting boards, mouldings, doors, and architrave products; and appliances, such as cooking, refrigerator, dishwasher, and laundry products, as well as coffee machines.

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Analyst Recommendations for Howden Joinery Group (LON:HWDN)

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