Harworth Group (LON:HWG) Stock Keeps "Hold" Rating at Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed its “hold” rating on Harworth Group and maintained a GBX 180 price target, implying 3.35% downside from the prior close.
• Analyst sentiment remains positive overall, with three “buy” ratings and one “hold”; the consensus is “Moderate Buy” with an average target of GBX 197.50.
• Harworth shares rose 4.6% to open at GBX 186.24, while the company recently reported a quarterly loss of GBX 7.80 per share and negative net margin and return on equity.

Harworth Group (LON:HWG - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 180 price target on the stock. Jefferies Financial Group's target price would suggest a potential downside of 3.35% from the company's previous close.

A number of other brokerages have also issued reports on HWG. Peel Hunt restated a "buy" rating and issued a GBX 200 target price on shares of Harworth Group in a research note on Wednesday, August 5th. Berenberg Bank lowered their price objective on Harworth Group from GBX 202 to GBX 195 and set a "buy" rating for the company in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 197.50.

Harworth Group Stock Up 4.6%

Shares of LON HWG opened at GBX 186.24 on Friday. Harworth Group has a 1 year low of GBX 116.80 and a 1 year high of GBX 195. The firm has a market cap of £605.68 million, a price-to-earnings ratio of 66.51 and a beta of 0.57. The company has a debt-to-equity ratio of 29.88, a quick ratio of 1.13 and a current ratio of 441.42. The stock's 50-day simple moving average is GBX 164.48 and its 200-day simple moving average is GBX 146.44.

Harworth Group (LON:HWG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX (7.80) EPS for the quarter. Harworth Group had a negative net margin of 20.56% and a negative return on equity of 3.74%. As a group, equities analysts anticipate that Harworth Group will post 15.3212521 earnings per share 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.

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