Harworth Group (LON:HWG) Stock Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Harworth stock crossed below its 50-day moving average, trading at GBX 148.40 versus the 50-day average of GBX 161.43 (two‑hundred day: GBX 163.52) and touching an intraday low of GBX 145.60.
• Analysts remain bullish—four analysts rate HWG a "Buy" with an average target of GBX 209.75 and recent price‑target upgrades from Berenberg and Panmure Gordon.
• Insider buying has increased, with executives purchasing a total of 94,100 shares over the last quarter (including buys at GBX 155 and GBX 158), suggesting insider confidence despite the pullback.

Harworth Group plc (LON:HWG - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 161.43 and traded as low as GBX 145.60. Harworth Group shares last traded at GBX 148.40, with a volume of 182,564 shares trading hands.

Analyst Ratings Changes

HWG has been the subject of several recent research reports. Berenberg Bank lifted their price target on Harworth Group from GBX 201 to GBX 202 and gave the company a "buy" rating in a research report on Monday, January 26th. Panmure Gordon reiterated a "buy" rating and issued a GBX 215 price target on shares of Harworth Group in a research report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Harworth Group has a consensus rating of "Buy" and an average target price of GBX 209.75.

Harworth Group Stock Performance

The company has a market capitalization of £481.99 million, a PE ratio of 53.00 and a beta of 0.52. The company has a quick ratio of 1.13, a current ratio of 457.81 and a debt-to-equity ratio of 24.93. The company has a 50-day moving average price of GBX 161.43 and a two-hundred day moving average price of GBX 163.52.

Harworth Group (LON:HWG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 2.90 earnings per share for the quarter. Harworth Group had a return on equity of 1.36% and a net margin of 7.30%. Analysts predict that Harworth Group plc will post 15.3212521 EPS for the current fiscal year.

Insider Activity at Harworth Group

In other Harworth Group news, insider Alastair Lyons CBE acquired 31,610 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of GBX 155 per share, with a total value of £48,995.50. Also, insider Phil Redding acquired 40,000 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 158 per share, with a total value of £63,200. Over the last quarter, insiders acquired 94,100 shares of company stock valued at $14,712,799. Company insiders own 1.50% 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. Visit www.harworthgroup.com for further information.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.