Harworth Group (LON:HWG) Sets New 1-Year Low – What’s Next?

Shares of Harworth Group plc (LON:HWG) reached a new 52-week low on Tuesday . The stock traded as low as GBX 146.50 and last traded at GBX 146.50, with a volume of 223857 shares traded. The stock had previously closed at GBX 147.

Analysts Set New Price Targets

HWG has been the topic of a number of recent 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 stock a “buy” rating in a report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 209.75.

Harworth Group Trading Up 0.3%

The firm has a market cap of £474.59 million, a PE ratio of 9.32 and a beta of 0.74. The firm has a fifty day simple moving average of GBX 163.38 and a two-hundred day simple moving average of GBX 164.45. The company has a current ratio of 457.81, a quick ratio of 1.13 and a debt-to-equity ratio of 24.93.

Harworth Group (LON:HWG) last announced its earnings results on Tuesday, March 17th. The company reported GBX 2.90 EPS for the quarter. Harworth Group had a return on equity of 1.36% and a net margin of 7.25%. Equities analysts forecast that Harworth Group plc will post 15.3212521 EPS for the current year.

Insider Transactions at Harworth Group

In related news, insider Phil Redding purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average cost of GBX 158 per share, with a total value of £63,200. Also, insider Alastair Lyons CBE acquired 31,610 shares of the stock in a transaction on Thursday, March 19th. The stock was bought at an average price of GBX 155 per share, with a total value of £48,995.50. In the last ninety days, insiders purchased 94,100 shares of company stock valued at $14,712,799. Company insiders own 1.50% of the company’s stock.

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.