Harworth Group (LON:HWG) Sets New 12-Month High – Here’s Why

Harworth Group plc (LON:HWG – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 185 and last traded at GBX 177.60, with a volume of 1093706 shares trading hands. The stock had previously closed at GBX 177.60.

Wall Street Analyst Weigh In

HWG has been the subject of several recent research reports. Berenberg Bank dropped their target price on shares of Harworth Group from GBX 202 to GBX 195 and set a “buy” rating for the company in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 170 price target on shares of Harworth Group in a research report on Wednesday, September 9th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 200 price objective on shares of Harworth Group in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Harworth Group presently has an average rating of “Buy” and an average target price of GBX 195.

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Harworth Group Trading Up 0.9%

The business has a 50-day moving average of GBX 162.49 and a 200 day moving average of GBX 146.30. The stock has a market cap of £584.75 million, a PE ratio of 64.21 and a beta of 0.57. The company has a debt-to-equity ratio of 29.88, a quick ratio of 1.13 and a current ratio of 441.42.

Harworth Group (LON:HWG – Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX (7.80) EPS for the quarter. Harworth Group had a negative return on equity of 3.74% and a negative net margin of 20.56%. Equities research analysts predict that Harworth Group plc will post 15.3212521 EPS for the current fiscal year.

About Harworth Group

(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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