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Harworth Group (LON:HWG) Stock Price Passes Below Fifty Day Moving Average - Here's Why

Harworth Group logo with Real Estate background

Key Points

  • Harworth Group's shares have fallen below their 50-day moving average of GBX 181.69, trading as low as GBX 168.50 on Tuesday.
  • Jefferies Financial Group has reissued a "buy" rating with a price objective of GBX 210, reflecting a consensus target price among analysts.
  • The company, which specializes in the regeneration of land for development, has a current market cap of £553.23 million and a P/E ratio of 985.55.
  • Five stocks we like better than Harworth Group.

Harworth Group plc (LON:HWG - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 181.69 ($2.46) and traded as low as GBX 168.50 ($2.28). Harworth Group shares last traded at GBX 169.50 ($2.30), with a volume of 168,395 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HWG. Jefferies Financial Group restated a "buy" rating and set a GBX 210 price objective on shares of Harworth Group in a report on Tuesday, August 5th. Peel Hunt restated a "buy" rating and set a GBX 210 price objective on shares of Harworth Group in a report on Monday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 210.

Read Our Latest Analysis on Harworth Group

Harworth Group Price Performance

The firm has a 50 day moving average of GBX 180.72 and a two-hundred day moving average of GBX 174.98. The firm has a market capitalization of £549.98 million, a price-to-earnings ratio of 979.77 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.

Harworth Group Company Profile

(Get Free Report)

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.

Further Reading

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