Harworth Group (LON:HWG) Share Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Harworth Group's share price fell below its 50-day moving average of GBX 178.70, trading as low as GBX 168.50 before closing at GBX 172.50.
• Analysts maintain a consensus "Buy" rating with a target price of GBX 210, as reaffirmed by firms such as Jefferies and Peel Hunt.
• Insider Lynda Shillaw purchased 23,225 shares at an average price of GBX 172, contributing to a total of 23,893 shares bought by insiders in the last 90 days.

Harworth Group plc (LON:HWG - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 178.70 ($2.42) and traded as low as GBX 168.50 ($2.28). Harworth Group shares last traded at GBX 172.50 ($2.33), with a volume of 322,538 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HWG. Jefferies Financial Group reissued a "buy" rating and issued a GBX 210 price target on shares of Harworth Group in a research report on Tuesday, August 5th. Peel Hunt reaffirmed a "buy" rating and set a GBX 210 price objective on shares of Harworth Group in a research report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 210.

Harworth Group Stock Performance

The stock has a market cap of £561.34 million, a P/E ratio of 1,000.00 and a beta of 0.74. The firm's 50-day moving average is GBX 178.70 and its two-hundred day moving average is GBX 175.38. The company has a quick ratio of 1.13, a current ratio of 2.59 and a debt-to-equity ratio of 13.88.

Harworth Group (LON:HWG - Get Free Report) last issued its quarterly earnings data on Tuesday, September 16th. The company reported GBX 3 earnings per share for the quarter. Harworth Group had a net margin of 52.25% and a return on equity of 7.75%. As a group, research analysts expect that Harworth Group plc will post 15.3212521 EPS for the current year.

Insider Buying and Selling

In related news, insider Lynda Shillaw purchased 23,225 shares of the stock in a transaction on Friday, September 19th. The shares were bought at an average price of GBX 172 per share, for a total transaction of £39,947. Insiders purchased a total of 23,893 shares of company stock worth $4,115,216 in the last 90 days. Company insiders own 1.49% 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.

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