Howden Joinery Group (LON:HWDN) Reaches New 12-Month Low - Here's What Happened

Howden Joinery Group Plc (LON:HWDN - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 743 ($9.07) and last traded at GBX 743 ($9.07), with a volume of 1027385 shares changing hands. The stock had previously closed at GBX 755.50 ($9.22).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 975 ($11.90) price target on shares of Howden Joinery Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Howden Joinery Group from GBX 680 ($8.30) to GBX 849 ($10.37) and gave the stock a "neutral" rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 951.50 ($11.62).

Howden Joinery Group Stock Down 0.9 %

The company has a debt-to-equity ratio of 75.88, a quick ratio of 0.94 and a current ratio of 1.99. The firm has a market cap of £4.05 billion, a price-to-earnings ratio of 1,600.00, a PEG ratio of 1.96 and a beta of 1.07. The business's 50 day moving average price is GBX 808.70 and its 200 day moving average price is GBX 875.91.

Insider Activity at Howden Joinery Group

In other Howden Joinery Group news, insider Suzy Neubert bought 7,305 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of GBX 821 ($10.02) per share, for a total transaction of £59,974.05 ($73,219.45). Over the last quarter, insiders have bought 7,328 shares of company stock worth $6,016,329. 0.47% of the stock is owned by company insiders.

Howden Joinery Group Company Profile

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.