Harworth Group (LON:HWG) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 166.10 and traded as high as GBX 171.76. Harworth Group shares last traded at GBX 170, with a volume of 54,715 shares changing hands.

Analysts Set New Price Targets

HWG has been the subject of a number of research analyst reports. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 215 target price on shares of Harworth Group in a research note on Monday, January 19th. Berenberg Bank increased their price target on shares of Harworth Group from GBX 201 to GBX 202 and gave the company a “buy” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Harworth Group currently has an average rating of “Buy” and a consensus target price of GBX 209.75.

Harworth Group Price Performance

The firm has a 50-day moving average of GBX 166.27 and a 200-day moving average of GBX 166.41. The company has a debt-to-equity ratio of 27.28, a current ratio of 2.92 and a quick ratio of 1.13. The stock has a market cap of £543.07 million, a PE ratio of 10.67 and a beta of 0.74.

About Harworth Group

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.