Hargreaves Services (LON:HSP) Sets New 12-Month High - Time to Buy?

Key Points

• Hargreaves Services shares reached a new 52-week high intraday at GBX 830 and last traded at GBX 792 on a volume of 22,589 shares.
• The stock sits above its 50-day (GBX 771.34) and 200-day (GBX 706.75) moving averages, with a market cap of £261.81M and a PE ratio of 12.18, indicating valuation and upward momentum.
• Hargreaves reported quarterly EPS of GBX 33.38, with a net margin of 6.77% and ROE of 11.0%, and analysts forecast about GBX 42.95 EPS for the current fiscal year.

Shares of Hargreaves Services Plc (LON:HSP - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 830 and last traded at GBX 792, with a volume of 22589 shares trading hands. The stock had previously closed at GBX 812.

Hargreaves Services Price Performance

The business's 50-day simple moving average is GBX 771.34 and its 200-day simple moving average is GBX 706.75. The stock has a market cap of £261.81 million, a PE ratio of 12.18 and a beta of 0.59. The company has a quick ratio of 0.82, a current ratio of 2.24 and a debt-to-equity ratio of 33.96.

Hargreaves Services (LON:HSP - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported GBX 33.38 earnings per share (EPS) for the quarter. Hargreaves Services had a net margin of 6.77% and a return on equity of 11.00%. On average, research analysts expect that Hargreaves Services Plc will post 42.9487179 EPS for the current fiscal year.

About Hargreaves Services

Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company's three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH (HRMS). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks.

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