15.13% to Target, JP Morgan Cazenove Keeps “Overweight” Rating for Howden Joinery (LON:HWDN) Stock

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Howden Joinery (LON:HWDN) Rating

London: In analysts note issued to clients on 6 November, JP Morgan Cazenove reconfirmed their “Overweight” rating on shares of Howden Joinery (LON:HWDN). They currently have a GBX 570.00 price target on the company. JP Morgan Cazenove’s target would indicate a potential upside of 15.13% from the company’s last close price.

Out of 12 analysts covering Howden Joinery (LON:HWDN), 11 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. GBX 600 is the highest target while GBX 500 is the lowest. The GBX 551 average target is 11.29% above today’s (GBX 495.1) stock price. Howden Joinery was the topic in 21 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained the stock on November 5 with “Buy” rating. Goldman Sachs maintained it with “Neutral” rating and GBX 550 target price in a September 9 report. Peel Hunt upgraded the shares of HWDN in a report on November 5 to “Buy” rating. Berenberg maintained the firm’s rating on August 21. Berenberg has “Buy” rating and GBX 570 price target. Finally, UBS maintained the stock with “Buy” rating in a November 4 report.

About 66,266 shares traded hands. Howden Joinery Group Plc (LON:HWDN) has risen 4.64% since April 9, 2015 and is uptrending. It has outperformed by 3.72% the S&P500.

15.13% to Target, JP Morgan Cazenove Keeps

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 2.98 billion GBP. The Firm offers products, such as cabinets, flooring, worktops and breakfast bars, kitchen frontals and painted skirting boards. It has 21.13 P/E ratio. The Firm operates approximately 589 depots, which are around 10,000 square feet in size, in industrial locations.

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