Harworth Group (LON:HWG) Reaches New 1-Year High – Should You Buy?

Harworth Group plc (LON:HWG – Get Free Report) reached a new 52-week high on Tuesday. The company traded as high as GBX 209.50 and last traded at GBX 202.50, with a volume of 6,795 shares. The stock had previously closed at GBX 203.50.

Wall Street Analyst Weigh In

A number of research firms recently commented on HWG. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 180 price objective on shares of Harworth Group in a research note on Friday, September 25th. Berenberg Bank reduced their target price on shares of Harworth Group from GBX 195 to GBX 187 and set a “hold” rating on the stock in a report on Thursday, October 8th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 200 price target on shares of Harworth Group in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Harworth Group has a consensus rating of “Moderate Buy” and an average price target of GBX 195.50.

View Our Latest Stock Analysis on HWG

Harworth Group Stock Down 2.2%

The firm has a fifty day moving average price of GBX 184.61 and a 200-day moving average price of GBX 156.50. The company has a quick ratio of 1.13, a current ratio of 441.42 and a debt-to-equity ratio of 29.88. The firm has a market cap of £664.42 million, a price-to-earnings ratio of -25.19 and a beta of 0.59.

Harworth Group (LON:HWG – Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported GBX (7.80) EPS for the quarter. Harworth Group had a negative net margin of 20.56% and a negative return on equity of 3.74%. As a group, sell-side analysts forecast that Harworth Group plc will post 15.32 EPS for the current year.

Harworth Group Company Profile

(Get Free Report)

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments. Visit www.harworthgroup.com for further information.

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