Insider Buying: Harworth Group (LON:HWG) Insider Buys £63,200 in Stock

Harworth Group plc (LON:HWG) insider Phil Redding acquired 40,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of GBX 158 per share, with a total value of £63,200.

Harworth Group Price Performance

Shares of HWG opened at GBX 152.50 on Friday. The company has a debt-to-equity ratio of 24.93, a current ratio of 457.81 and a quick ratio of 1.13. The company’s fifty day moving average price is GBX 164.49 and its 200-day moving average price is GBX 164.96. Harworth Group plc has a 1-year low of GBX 146.66 and a 1-year high of GBX 190.50. The firm has a market capitalization of £494.44 million, a PE ratio of 9.71 and a beta of 0.74.

Harworth Group (LON:HWG) last issued its quarterly 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%. On average, equities research analysts predict that Harworth Group plc will post 15.3212521 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on HWG. Berenberg Bank lifted their target price on Harworth Group from GBX 201 to GBX 202 and gave the stock a “buy” rating in a report on Monday, January 26th. Panmure Gordon reissued a “buy” rating and set a GBX 215 price target on shares of Harworth Group in a research report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Harworth Group has an average rating of “Buy” and an average target price of GBX 209.75.

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.