Berenberg Bank Issues Pessimistic Forecast for Harworth Group (LON:HWG) Stock Price

Harworth Group (LON:HWG) had its price target dropped by equities research analysts at Berenberg Bank from GBX 202 to GBX 195 in a research note issued to investors on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 8.57% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 170 price target on shares of Harworth Group in a report on Wednesday, September 9th. Peel Hunt restated a “buy” rating and issued a GBX 200 target price on shares of Harworth Group in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 195.

Harworth Group Price Performance

LON:HWG opened at GBX 179.60 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 441.42 and a debt-to-equity ratio of 29.88. The business’s 50-day moving average price is GBX 161.45 and its 200 day moving average price is GBX 146.24. Harworth Group has a 52-week low of GBX 116.80 and a 52-week high of GBX 185. The firm has a market cap of £584.10 million, a P/E ratio of 64.14 and a beta of 0.57.

Harworth Group (LON:HWG) last announced its quarterly earnings data 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, sell-side analysts predict that Harworth Group will post 15.3212521 earnings per share for the current fiscal 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.