Harworth Group (LON:HWG) Stock Gets Price Target Reduction from Berenberg Bank

Harworth Group (LON:HWG) had its target price lowered by Berenberg Bank from GBX 195 to GBX 187 in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

HWG has been the topic of several other reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 180 target price on shares of Harworth Group in a report on Friday, September 25th. Peel Hunt reiterated a “buy” rating and issued a GBX 200 price target on shares of Harworth Group in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 195.50.

Harworth Group Price Performance

Shares of HWG opened at GBX 187 on Thursday. 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 company has a 50-day moving average price of GBX 177.42 and a two-hundred day moving average price of GBX 148.34. Harworth Group has a 12 month low of GBX 116.80 and a 12 month high of GBX 195. The stock has a market cap of £607.42 million, a price-to-earnings ratio of -23.67 and a beta of 0.59.

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

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.