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

Key Points

• Harworth Group plc shares have fallen below their 50-day moving average, trading at GBX 162.50 ($2.16) compared to a moving average of GBX 174.24 ($2.32).
• Analysts remain optimistic, with a consensus rating of "Buy" and a price target of GBX 210 from firms like Jefferies and Peel Hunt.
• Recent insider transactions indicate confidence in the company, with insiders purchasing nearly 30,000 shares over the last quarter.

Harworth Group plc (LON:HWG - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 174.24 ($2.32) and traded as low as GBX 162.50 ($2.16). Harworth Group shares last traded at GBX 162.50 ($2.16), with a volume of 301,369 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on HWG shares. Jefferies Financial Group restated a "buy" rating and issued a GBX 210 price target 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 research note on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 210.

Harworth Group Stock Up 1.3%

The stock has a market cap of £533.55 million, a P/E ratio of 1,048.41 and a beta of 0.74. The business has a 50-day simple moving average of GBX 174.24 and a 200-day simple moving average of GBX 175.41. 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 results on Tuesday, September 16th. The company reported GBX 3 EPS for the quarter. Harworth Group had a return on equity of 7.75% and a net margin of 52.25%. Analysts expect that Harworth Group plc will post 15.3212521 EPS for the current year.

Insider Transactions at Harworth Group

In related news, insider Lynda Shillaw bought 23,225 shares of Harworth Group stock in a transaction on Friday, September 19th. The shares were purchased at an average price of GBX 172 per share, for a total transaction of £39,947. Also, insider Katerina Patmore acquired 5,787 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were acquired at an average price of GBX 172 per share, for a total transaction of £9,953.64. Over the last quarter, insiders purchased 29,680 shares of company stock valued at $5,110,580. Corporate insiders own 1.50% of the company's stock.

About Harworth Group

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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