Harworth Group (LON:HWG) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Harworth Group's stock has fallen below its 50-day moving average, closing at GBX 170 ($2.29) compared to the moving average of GBX 176.96 ($2.38).
• Analysts maintain a consensus "Buy" rating for the stock, with a price target of GBX 210 set by multiple firms including Peel Hunt and Jefferies.
• Recent insider trading shows two executives buying shares, totaling 29,680 shares valued at $5,110,580 over the last 90 days.

Harworth Group plc (LON:HWG - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 176.96 ($2.38) and traded as low as GBX 168.50 ($2.27). Harworth Group shares last traded at GBX 170 ($2.29), with a volume of 275,898 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Peel Hunt reaffirmed a "buy" rating and issued a GBX 210 target price on shares of Harworth Group in a research note on Monday, September 15th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 210 target price on shares of Harworth Group in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 210.

Harworth Group Stock Performance

The firm's 50-day moving average price is GBX 176.96 and its 200 day moving average price is GBX 175.56. The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.13 and a current ratio of 2.59. The company has a market cap of £551.60 million, a price-to-earnings ratio of 982.66 and a beta of 0.74.

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 net margin of 52.25% and a return on equity of 7.75%. On average, sell-side analysts anticipate that Harworth Group plc will post 15.3212521 EPS for the current year.

Insider Buying and Selling

In other news, insider Lynda Shillaw acquired 23,225 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The stock was 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 firm's stock in a transaction that occurred on Monday, September 22nd. The shares were purchased at an average price of GBX 172 per share, with a total value of £9,953.64. In the last 90 days, insiders have purchased 29,680 shares of company stock valued at $5,110,580. Corporate insiders own 1.49% 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.

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