Harworth Group (LON:HWG) Sets New 52-Week Low – Should You Sell?

Shares of Harworth Group plc (LON:HWG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 120 and last traded at GBX 124.20, with a volume of 7297389 shares. The stock had previously closed at GBX 122.60.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 209.75.

Harworth Group Stock Performance

The business has a fifty day simple moving average of GBX 146.14 and a 200-day simple moving average of GBX 158.14. The company has a quick ratio of 1.13, a current ratio of 457.81 and a debt-to-equity ratio of 24.93. The firm has a market cap of £403.41 million, a P/E ratio of 44.36 and a beta of 0.63.

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

Insider Buying and Selling at Harworth Group

In other Harworth Group news, insider Lynda Shillaw bought 21,764 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was acquired at an average price of GBX 155 per share, with a total value of £33,734.20. Also, insider Phil Redding bought 40,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of GBX 158 per share, with a total value of £63,200. Over the last quarter, insiders acquired 93,993 shares of company stock valued at $14,683,151. Corporate insiders own 1.50% of the company’s stock.

Harworth Group Company Profile

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.