Harworth Group (LON:HWG) Reaches New 52-Week High – Should You Buy?

Harworth Group plc (LON:HWG)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 209.50 and last traded at GBX 202.50, with a volume of 6,795 shares traded. The stock had previously closed at GBX 203.50.

Wall Street Analyst Weigh In

HWG has been the topic of several recent research reports. Berenberg Bank decreased their price objective on shares of Harworth Group from GBX 195 to GBX 187 and set a “hold” rating on the stock in a research report 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 restated a “buy” rating and set a GBX 200 target price on shares of Harworth Group in a research report on Wednesday, August 5th. Two equities 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 presently has an average rating of “Moderate Buy” and an average price target of GBX 195.50.

Harworth Group Stock Performance

The business has a fifty day simple moving average of GBX 185.45 and a 200 day simple moving average of GBX 156.83. The stock has a market cap of £659.74 million, a price-to-earnings ratio of -25.01 and a beta of 0.59. 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 released its quarterly earnings results on Wednesday, September 9th. The company reported GBX (7.80) earnings per share 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, equities analysts anticipate that Harworth Group plc will post 15.32 EPS 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.