Howden Joinery Group (LON:HWDN) Stock Price Passes Above Fifty Day Moving Average of $507.01

Howden Joinery Group Plc (LON:HWDN) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $507.01 and traded as high as $511.60. Howden Joinery Group shares last traded at $507.00, with a volume of 1,346,108 shares.

Several equities research analysts have recently weighed in on the stock. UBS Group reiterated a “buy” rating and set a GBX 570 ($7.45) target price on shares of Howden Joinery Group in a research note on Friday, June 21st. Peel Hunt reiterated a “hold” rating on shares of Howden Joinery Group in a research note on Friday, June 14th. JPMorgan Chase & Co. increased their target price on shares of Howden Joinery Group from GBX 460 ($6.01) to GBX 480 ($6.27) and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Shore Capital reiterated a “buy” rating on shares of Howden Joinery Group in a research note on Thursday, May 2nd. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 580 ($7.58) target price on shares of Howden Joinery Group in a research note on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Howden Joinery Group presently has an average rating of “Hold” and a consensus target price of GBX 530 ($6.93).

The stock has a market capitalization of $3.04 billion and a PE ratio of 16.25. The business has a fifty day moving average price of GBX 506.75.

In other news, insider Karen Caddick purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of GBX 518 ($6.77) per share, with a total value of £15,540 ($20,305.76).

About Howden Joinery Group (LON:HWDN)

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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