Harworth Group (LON:HWG) Reaches New 52-Week Low - Here's What Happened

Key Points

• 52-week low: Harworth Group shares fell intraday to GBX 146.66 and last traded at GBX 157 on volume of 1,773,209 shares, marking a new one-year low.
• Analyst sentiment: The stock carries an average "Buy" rating with an average target of GBX 209.75 (Panmure Gordon GBX 215; Berenberg GBX 202), implying significant upside from current levels.
• Insider buying: Insiders purchased 54,100 shares over the past three months (notably Alastair Lyons and Lynda Shillaw at GBX 155), and insiders now own 1.5% of the company.

Harworth Group plc (LON:HWG - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 146.66 and last traded at GBX 157, with a volume of 1773209 shares. The stock had previously closed at GBX 154.

Analysts Set New Price Targets

HWG has been the subject of a number of recent analyst reports. Panmure Gordon reiterated a "buy" rating and issued a GBX 215 price objective on shares of Harworth Group in a report on Monday, January 19th. Berenberg Bank raised their target price on Harworth Group from GBX 201 to GBX 202 and gave the stock a "buy" rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Harworth Group has an average rating of "Buy" and an average target price of GBX 209.75.

Harworth Group Stock Performance

The company's fifty day simple moving average is GBX 165.39 and its two-hundred day simple moving average is GBX 165.38. The company has a market capitalization of £509.03 million, a price-to-earnings ratio of 10.00 and a beta of 0.74. The company has a quick ratio of 1.13, a current ratio of 457.81 and a debt-to-equity ratio of 24.93.

Harworth Group (LON:HWG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 2.90 earnings per share (EPS) for the quarter. Harworth Group had a net margin of 7.25% and a return on equity of 1.36%. Research analysts forecast that Harworth Group plc will post 15.3212521 earnings per share for the current fiscal year.

Insider Transactions at Harworth Group

In other Harworth Group news, insider Alastair Lyons CBE purchased 31,610 shares of the stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of GBX 155 per share, for a total transaction of £48,995.50. Also, insider Lynda Shillaw purchased 21,764 shares of the stock in a transaction on Friday, March 20th. The stock was acquired at an average price of GBX 155 per share, with a total value of £33,734.20. Over the last three months, insiders acquired 54,100 shares of company stock valued at $8,392,799. Insiders own 1.50% of the company's stock.

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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