Howden Joinery Group (HWDN) Stock Rating Reaffirmed by Shore Capital

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Shore Capital reaffirmed their buy rating on shares of Howden Joinery Group (LON:HWDN) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

HWDN has been the subject of several other reports. Numis Securities upgraded shares of Howden Joinery Group to an add rating and boosted their price objective for the stock from GBX 512 ($6.69) to GBX 575 ($7.51) in a research note on Monday, April 8th. Peel Hunt reiterated a hold rating on shares of Howden Joinery Group in a research note on Thursday, February 28th. Liberum Capital reiterated a buy rating and set a GBX 567 ($7.41) price objective on shares of Howden Joinery Group in a research note on Thursday, February 28th. Canaccord Genuity restated a hold rating and issued a GBX 495 ($6.47) target price on shares of Howden Joinery Group in a research note on Thursday, February 28th. Finally, UBS Group restated a buy rating on shares of Howden Joinery Group in a research note on Wednesday, January 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 532.86 ($6.96).

HWDN traded up GBX 8.40 ($0.11) during trading on Thursday, hitting GBX 528.40 ($6.90). 2,442,036 shares of the company’s stock were exchanged, compared to its average volume of 3,230,000. Howden Joinery Group has a 1 year low of GBX 412.40 ($5.39) and a 1 year high of GBX 541.80 ($7.08). The company has a market cap of $3.20 billion and a P/E ratio of 16.94.

The company also recently announced a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 23rd will be paid a GBX 7.90 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Howden Joinery Group’s previous dividend of $3.70. This represents a dividend yield of 1.6%. Howden Joinery Group’s dividend payout ratio is 0.38%.

In other news, insider Karen Caddick bought 3,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of GBX 518 ($6.77) per share, for a total transaction of £15,540 ($20,305.76). Also, insider Mark Robson bought 5,746 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of GBX 484 ($6.32) per share, with a total value of £27,810.64 ($36,339.53).

Howden Joinery Group Company Profile

Howden Joinery Group Plc engages in the manufacture, sourcing, sale, and distribution of kitchens and joinery products in the United Kingdom, France, Belgium, the Netherlands, and Germany. The company offers kitchen cabinets, doors and worktops, breakfast bars, ovens, dishwashers, fridge-freezers, built-under fridges, frontals, sinks, taps, flooring, hardware products, lighting products, joinery doors, and skirting and architrave products.

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Analyst Recommendations for Howden Joinery Group (LON:HWDN)

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