Harworth Group (LON:HWG) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Harworth Group plc's shares have crossed below their fifty day moving average of GBX 181.93, with the current trading price at GBX 175.50.
• Jefferies Financial Group maintains a "buy" rating for Harworth Group, setting a price target of GBX 210, reflecting positive analyst sentiment.
• The company specializes in regenerating large, complex former industrial sites into residential and industrial developments and maintains a market capitalization of £582.72 million.

Harworth Group plc (LON:HWG - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 181.93 ($2.44) and traded as low as GBX 173 ($2.32). Harworth Group shares last traded at GBX 175.50 ($2.35), with a volume of 66,945 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 210 price objective on shares of Harworth Group in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of GBX 210.

Harworth Group Stock Performance

The stock's 50 day moving average price is GBX 181.93 and its 200 day moving average price is GBX 173.93. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 13.88. The company has a market capitalization of £582.72 million, a price-to-earnings ratio of 11.67 and a beta of 0.74.

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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