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Home / Momentum / Howden Joinery (HWDN.L) 21-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Howden Joinery (HWDN.L) 21-11-19

Will shares in Howden Joinery (HWDN.L) continue to rally, setting new recent highs?

 

  • Now trading at 614.6p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -0% from 12-month highs; +47% from 12 month lows.

Latest News

18 Nov:  UBS reiterates its buy rating on Howden Joinery Group (HWDN) and increased the target price to 640p (from 570p).

12 Nov:  Liberum Capital reiterates its buy rating on Howden Joinery Group (HWDN) and increased the target price to 659p (from 580p).

07 Nov:  Howden Joinery announced that revenue had been higher between 16 June 2019 to 2 November 2019, beating similarly strong numbers for the same period last year.

01 Aug:  Berenberg reiterates its hold rating on Howden Joinery Group (HWDN) and increased the target price to 520p (from 490p).

25 Jul:  Howden Joinery posted higher half-yearly profits, due to ‘good’ sales growth and improved margins.  For the first six months, earnings were up to £78.1m, from £68.8m.

15 May:  JP Morgan Cazenove reiterates its neutral rating on Howden Joinery Group (HWDN) and increased the target price to 480p (from 460p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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