Harworth Group (LON:HWG) Trading Up 24% – Still a Buy?

Harworth Group plc (LON:HWG)’s stock price rose 24% on Thursday . The stock traded as high as GBX 178 and last traded at GBX 178. Approximately 3,991,904 shares were traded during mid-day trading, an increase of 615% from the average daily volume of 558,414 shares. The stock had previously closed at GBX 143.60.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HWG. Peel Hunt restated a “buy” rating and set a GBX 200 target price on shares of Harworth Group in a research report on Wednesday. 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 196.75.

Harworth Group Stock Up 24.0%

The company has a market cap of £578.88 million, a price-to-earnings ratio of 63.57 and a beta of 0.53. The company has a current ratio of 457.81, a quick ratio of 1.13 and a debt-to-equity ratio of 24.93. The firm’s fifty day moving average price is GBX 126.68 and its 200-day moving average price is GBX 143.44.

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.