Today Canaccord Genuity Sticks With a “Hold” Rating on Howden Joinery Group (LON:HWDN) and a GBX 535 Target Price


Howden Joinery Group (LON:HWDN) Rating Reaffirmed

In analysts report issued to clients on 9 December, The “Hold” rating of Howden Joinery Group (LON:HWDN) shares was kept steady by Canaccord Genuity, who now has a GBX 535 price target on the stock. Canaccord Genuity’s price target would now indicate a possible upside of 2.29% from the last stock close price of the company.

From a total of 13 analysts covering Howden Joinery (LON:HWDN) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 92% of the ratings are positive. The highest target price is GBX 650 while the lowest target price is GBX 500. The mean of all analyst targets is GBX 560.91 with a 7.35% above today’s (GBX 522.5) stock price. Howden Joinery was the topic of 28 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Beaufort Securities maintained shares on December 4 with “Buy” rating. Peel Hunt upgraded shares to “Buy” rating and GBX 535 target share price in a report from a November 5. Davy Research maintained HWDN stock in a recent report from November 6 with “Outperform” rating. Liberum Capital maintained the rating on November 5. Liberum Capital has a “Buy” rating and a GBX 540 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 6.

Approximately 478,255 shares of stock traded hands. Howden Joinery Group Plc (LON:HWDN) has risen 9.94% since May 12, 2015 and is uptrending. It has outperformed by 10.74% the S&P500.

Today Canaccord Genuity Sticks With a

Howden Joinery Group Plc is engaged in the manufacture, sourcing and distribution of kitchens and joinery to trade customers. The company has a market cap of 3.40 billion GBP. The Firm offers products, such as cabinets, flooring, worktops and breakfast bars, kitchen frontals and painted skirting boards. It has 22.3 P/E ratio. The Firm operates approximately 589 depots, which are around 10,000 square feet in size, in industrial locations.