Howden Joinery Group (LON:HWDN) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Howden Joinery Group Plc (LON:HWDN - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 903.60 ($12.09) and traded as high as GBX 917.50 ($12.27). Howden Joinery Group shares last traded at GBX 913 ($12.21), with a volume of 841,753 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their target price on shares of Howden Joinery Group from GBX 1,042 ($13.94) to GBX 1,090 ($14.58) and gave the stock a "buy" rating in a research note on Tuesday, August 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 904.29 ($12.10).

Howden Joinery Group Stock Performance

The company has a current ratio of 1.99, a quick ratio of 0.94 and a debt-to-equity ratio of 75.88. The firm's fifty day moving average price is GBX 922.96 and its 200-day moving average price is GBX 903.94. The firm has a market cap of £5.02 billion, a price-to-earnings ratio of 1,984.78, a PEG ratio of 2.02 and a beta of 1.07.

Howden Joinery Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 17th will be issued a dividend of GBX 4.90 ($0.07) per share. This represents a dividend yield of 0.52%. The ex-dividend date is Thursday, October 17th. Howden Joinery Group's payout ratio is 4,565.22%.

Howden Joinery Group Company Profile

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.