Howden Joinery Group (LON:HWDN) Reaches New 12-Month High After Dividend Announcement

Shares of Howden Joinery Group Plc (LON:HWDN – Get Free Report) hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 745.60 ($9.75) and last traded at GBX 742 ($9.70), with a volume of 1509465 shares traded. The stock had previously closed at GBX 710.80 ($9.29).

The newly announced dividend which will be paid on Friday, November 17th. Investors of record on Thursday, October 12th will be given a GBX 4.80 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 0.68%. Howden Joinery Group’s dividend payout ratio is currently 3,181.82%.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HWDN. Shore Capital reissued a “buy” rating on shares of Howden Joinery Group in a research report on Thursday, April 27th. Barclays reissued an “overweight” rating and set a GBX 800 ($10.46) target price on shares of Howden Joinery Group in a report on Tuesday, April 11th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Howden Joinery Group from GBX 780 ($10.20) to GBX 755 ($9.87) and set a “buy” rating on the stock in a report on Wednesday, June 14th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 870 ($11.38) price objective on shares of Howden Joinery Group in a research note on Thursday, May 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 751.25 ($9.82).

Howden Joinery Group Trading Up 4.9 %

The company’s 50-day moving average is GBX 664.05 and its 200 day moving average is GBX 677.88. The company has a market cap of £4.09 billion, a price-to-earnings ratio of 1,129.70, a price-to-earnings-growth ratio of 6.94 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.75 and a debt-to-equity ratio of 76.32.

Howden Joinery Group Company Profile

(Get Free Report)

Howden Joinery Group Plc manufactures and distributes various kitchens, joinery, and hardware products in the United Kingdom, France, Ireland, and Belgium. It offers 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.

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