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

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)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 181.93 ($2.46) and traded as low as GBX 173 ($2.34). Harworth Group shares last traded at GBX 175.50 ($2.37), with a volume of 66,945 shares trading hands.

Wall Street Analysts Forecast Growth

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

Harworth Group Trading Down 0.3%

The stock has a market cap of £576.13 million, a price-to-earnings ratio of 11.54 and a beta of 0.74. The company has a quick ratio of 1.13, a current ratio of 2.59 and a debt-to-equity ratio of 13.88. The business's 50 day simple moving average is GBX 182.06 and its 200 day simple moving average is GBX 174.16.

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.