Howden Joinery Group (LON:HWDN) Sets New 1-Year High at $960.50

Shares of Howden Joinery Group Plc (LON:HWDN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 960.50 ($12.56) and last traded at GBX 951 ($12.44), with a volume of 3828795 shares traded. The stock had previously closed at GBX 956 ($12.50).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their target price on Howden Joinery Group from GBX 1,042 ($13.63) to GBX 1,090 ($14.25) and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 904.29 ($11.83).

Howden Joinery Group Stock Up 0.5 %

The company has a quick ratio of 0.94, a current ratio of 1.99 and a debt-to-equity ratio of 75.88. The company has a 50 day simple moving average of GBX 918.68 and a two-hundred day simple moving average of GBX 893.58. The company has a market capitalization of £5.23 billion, a P/E ratio of 2,056.52, a PEG ratio of 2.06 and a beta of 1.07.

Howden Joinery Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 4.90 ($0.06) per share. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, October 17th. Howden Joinery Group’s dividend payout ratio is currently 4,565.22%.

About Howden Joinery Group

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.