Howden Joinery Share Discussion Threads

[cockneyrebel] 24/11/2015 10:46

Off on noise today, which means the co gets a good chance to buy back even more cheaply today.

Didn't these just put out a bullish trading update a few weeks ago? :-)

All imo

CR

[cockneyrebel] 19/11/2015 08:25

CRH - good update today.

Through the recent highs here soon?

CR

[cockneyrebel] 16/11/2015 08:16

SHI saying things picked up in October

CR

[cockneyrebel] 13/11/2015 18:19

Looks like the co has started doing buy backs again :-)

CR

[cockneyrebel] 10/11/2015 16:26

Highest close since July.

CR

[cockneyrebel] 10/11/2015 06:59

I've been there Lauders - don't worry! :-)

CR

[lauders] 10/11/2015 06:53

Well done CR! Yes a great update! Sods law as I got nervous after the lack of strength after all those company buy backs and sold at a profit to keep some profit. Could have made more of course if I held, which in hindsight I should have done now. Same story with Greggs. Sold that to retain my profits and watched it climb back past my buy sell price now! Will try and keep my CINE & not make the same mistake! Have a few others in my stock challenge that could do well as they are all waiting for "news". A few minutes and we will see if there is any. One is NANO. Come on NANO!

Good luck to all who continue to hold HWDN. Should be OK I think and should have stuck to my feelings no matter what the market said. Still made a profit though so not complaining!

[cockneyrebel] 09/11/2015 14:24

Goldman raises target price to 568 (550) pence.

CR

[az4hr] 06/11/2015 19:14

Depressing end to the day

[market sniper1] 06/11/2015 10:15

Howden Joinery Group Plc’s “Buy” Rating Reaffirmed at Panmure Gordon (HWDN)
November 6th, 2015 -

Panmure Gordon reissued their buy rating on shares of Howden Joinery Group Plc (LON:HWDN) in a research report released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 570 ($8.79) price objective on the stock.

Several other research firms have also recently commented on HWDN. N+1 Singer reaffirmed a hold rating and issued a GBX 500 ($7.71) price objective on shares of Howden Joinery Group Plc in a research note on Friday, July 17th. Goodbody Stockbrokers Ltd reissued a buy rating and issued a GBX 575 ($8.87) target price on shares of Howden Joinery Group Plc in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Howden Joinery Group Plc from GBX 520 ($8.02) to GBX 560 ($8.64) and gave the stock an overweight rating in a report on Thursday, July 23rd. Beaufort Securities reiterated a buy rating on shares of Howden Joinery Group Plc in a research note on Wednesday, July 8th. Finally, Liberum Capital reissued a buy rating and issued a GBX 540 ($8.33) price target on shares of Howden Joinery Group Plc in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of Buy and a consensus price target of GBX 537.27 ($8.29).



Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. Howden Joinery Group Plc has a 52 week low of GBX 362.80 and a 52 week high of GBX 532.00. The company’s 50 day moving average is GBX 471.71 and its 200 day moving average is GBX 489.75.

Howden Joinery Group Plc is engaged in the fabrication, distribution and sourcing to commerce customers of kitchens and joinery. The Business offers products, like flooring, worktops and breakfast bars, cabinets, kitchen frontals and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Company sold approximately 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Business has operations in Belgium, France and Uk

[market sniper1] 06/11/2015 09:16

HWDN Howden Joinery

UPGRADE..Howden Joinery Group Plc PT Raised to GBX 570 (HWDN)
November 6th, 2015.

Howden Joinery Group Plc (LON:HWDN) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 560 ($8.64) to GBX 570 ($8.79) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has an “overweight221; rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 16.02% from the stock’s current price.

Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. The firm’s 50-day moving average price is GBX 471.71 and its 200-day moving average price is GBX 489.75. Howden Joinery Group Plc has a 12 month low of GBX 362.80 and a 12 month high of GBX 532.00.



Other equities analysts have also recently issued reports about the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 515 ($7.95) price target on shares of Howden Joinery Group Plc in a report on Friday, July 24th. Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Howden Joinery Group Plc in a research report on Friday, October 30th. Beaufort Securities restated a “buy” rating on shares of Howden Joinery Group Plc in a research report on Wednesday, July 8th. Panmure Gordon lifted their target price on Howden Joinery Group Plc from GBX 490 ($7.56) to GBX 570 ($8.79) and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Berenberg Bank lifted their price target on Howden Joinery Group Plc from GBX 530 ($8.18) to GBX 570 ($8.79) and gave the company a “buy” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of “Buy” and a consensus price target of GBX 537.27 ($8.29).

Howden Joinery Group Plc is engaged in the production, distribution and sourcing of kitchens and joinery to trade customers. The Business offers products, including kitchen frontals, worktops, flooring and breakfast bars, cabinets and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Business sold about 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Organization has operationsin Belgium, France and Great Britain.

[market sniper1] 06/11/2015 08:55

HWDN Howden Joinery

Excellent trading update yesterday, plenty of people buying new kitchens etc etc.





Broker Comment

Howden Joinery managed to skirt the troubles seen elsewhere in the sector since summer and October trading was "outstanding", so the shares have scope to recover after the battering they took on the heels of Travis Perkins' warning last month, N+1 Singer told clients.

"Performance in H2, including the key October trading period, has been outstanding at +10% LFL particularly once positive gross margins are also factored in," N+1 Singer said.

Thursday's 10% like-for-like sales figures from the company imply a two-year growth rate of about 22% and represent a substantial market outperformance, the analysts said.

Furthermore, the manufacturer and supplier of fitted kitchens, appliances and joinery products should continue to avoid the deterioration in business seen by some companies in the sector "even if housing activity softens slightly given the tenuous link there vs consumer confidence and replacement cycles (still recovering)".

The impact of the Living Wage should also be immaterial given Howden's bonus/salary structures.

After Travis Perkins's warning, shares in Howden Joinery fell back to a price-to-earnings multiple of 16.6 versus the 20 seen at the June peak, N+1 Singer pointed out.

"The Free-cash-flow yield is 5% (or 6% ex deficit injections). We have edged our target price up 2% to 510p, so with >13% total shareholder return we upgrade to 'Buy' from 'Hold'."

[whymps2] 06/11/2015 08:39

Certainly is CR, as posted yesterday, through the 492 and off to the races. Thanks for drawing to my attention the good results, they'd dropped off my radar

[cockneyrebel] 06/11/2015 08:38

Breaking out:

CR

[cockneyrebel] 06/11/2015 07:59

*JPM RAISES HOWDEN JOINERY GROUP PRICE TARGET TO 570 (560) PENCE - 'OVERWEIGHT'

[cockneyrebel] 05/11/2015 18:54

LONDON (Alliance News) - Analysts were positive on Howden Joinery Group, after the company said it remains confident on hitting its expectations for the full year.
N+1 lifted its rating to Buy from Hold, as the broker believes the shares are oversold.
Howden Joinery said trading has remained strong so far in the second half of 2015. The company added that its UK depots total revenue for the four months to the end of October rose 13% against tough year-before comparatives. For the first ten months of 2015, UK depot revenue rose 12% and was up 9.3% on a like-for-like basis.
Alongside the upgrade, N+1 said the company's update was "strong", lifting its price target by 2% to 510 pence.
Following the statement, shares in Howden Joinery were among the biggest risers in the FTSE 250, up 7.9% at 494.90 pence.
Liberum called Howden Joinery's third-quarter interim management statement "very assuring".
The broker retained a Buy recommendation and a price target of 540p, saying it expected the update to be well received after share price weakness.
In July, the stock touched a high of 532.00p, followed by a low of 474.80p. At the time, the company hiked its interim dividend on the back of a rise in pretax profit and revenue in the first half of 2015, but its shares fell after analysts said the profit missed expectations and little potential remained for upgrades.
With Thursday's gain, shares in Howden Joinery are 24% higher so far in 2015.
By Daniel Ruiz; [e-mail]

[cockneyrebel] 05/11/2015 13:26

through it :-)

CR

[whymps2] 05/11/2015 12:28

Having a go at 492 resistance.

[cockneyrebel] 05/11/2015 10:20

Peel Hun moves from Hold to Buy:

Howden Joinery (Hold to Buy TP 535p

[cockneyrebel] 05/11/2015 10:10

From Liberum:

. We see good value in the shares here, on 16x 2016E PER, and FCF yield of 5%; with 20% TSR upside to our 540p target price.

[aishah] 05/11/2015 09:46

Excellent update. Local builders have been saying how busy the depots are. Nice slap for those who are short. Peel Hunt upgrades to BUY. Liberium retains BUY. Run winners long term. No reason to take profits. Dyor.

[cockneyrebel] 05/11/2015 09:21

No probs Ulinbac

Up on massive volume today - struggle to remember this much volume by 9.30am.

CR

[ulinbac] 05/11/2015 08:54

Thanks CR.

Seen BUY ratings from UBS, Goodbody and another in the last week too. Similar targets. if it breaks 500 before xmas I will be very happy and hold on

[cockneyrebel] 05/11/2015 08:50

Liberum say Buy today, 540p target.

CR