Harworth Group (LON:HWG) Reaches New 12-Month Low – What’s Next?

Harworth Group plc (LON:HWG)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 130 and last traded at GBX 130, with a volume of 286717 shares. The stock had previously closed at GBX 132.80.

Analyst Upgrades and Downgrades

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

Harworth Group Stock Performance

The stock has a market capitalization of £422.25 million, a P/E ratio of 46.43 and a beta of 0.63. The stock’s 50-day simple moving average is GBX 151.51 and its 200 day simple moving average is GBX 159.87. The company has a debt-to-equity ratio of 24.93, a current ratio of 457.81 and a quick ratio of 1.13.

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

Insider Activity at Harworth Group

In other Harworth Group news, insider Phil Redding purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 158 per share, for a total transaction of £63,200. Also, insider Alastair Lyons CBE acquired 31,610 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of GBX 155 per share, with a total value of £48,995.50. Insiders bought 94,035 shares of company stock worth $14,698,243 in the last ninety days. 1.50% of the stock is owned by company insiders.

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.