Harworth Group (LON:HWG) Stock Falls 8.2% – Here’s Why

Harworth Group plc (LON:HWG) traded down 8.2% during trading on Thursday. The stock traded as low as GBX 190 and last traded at GBX 190. Approximately 105,556 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,703,478 shares. The stock had previously closed at GBX 207.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HWG shares. Berenberg Bank decreased their price target on shares of Harworth Group from GBX 195 to GBX 187 and set a “hold” rating on the stock in a research note on Thursday, October 8th. Jefferies Financial Group restated a “hold” rating and set a GBX 180 target price on shares of Harworth Group in a report on Friday, September 25th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 200 price objective on shares of Harworth Group in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 195.50.

Harworth Group Trading Down 8.6%

The company has a market cap of £614.76 million, a P/E ratio of -23.96 and a beta of 0.59. The business’s 50-day moving average price is GBX 182.39 and its 200 day moving average price is GBX 155.42. The company has a debt-to-equity ratio of 29.88, a quick ratio of 1.13 and a current ratio of 441.42.

Harworth Group (LON:HWG) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX (7.80) earnings per share (EPS) for the quarter. Harworth Group had a negative return on equity of 3.74% and a negative net margin of 20.56%. As a group, analysts expect that Harworth Group plc will post 15.32 earnings per share for the current year.

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.