Harworth Group's (HWG) Buy Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies Financial Group has reaffirmed a "Buy" rating for Harworth Group (LON:HWG) with a price target of GBX 210 ($2.79), indicating a potential upside of 12.30% from its previous close.
• Harworth Group's current stock price stands at GBX 187 ($2.49), with a market capitalization of £615.64 million and a P/E ratio of 12.33.
• The company is recognized for its work in sustainable land regeneration, managing a diverse portfolio of over 14,000 acres for development and investment across the North of England and Midlands.

Harworth Group (LON:HWG - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Tuesday, MarketBeat reports. They presently have a GBX 210 ($2.82) price objective on the stock. Jefferies Financial Group's price target indicates a potential upside of 15.77% from the company's current price.

Harworth Group Price Performance

Shares of HWG traded down GBX 8.11 ($0.11) during mid-day trading on Tuesday, reaching GBX 181.39 ($2.44). 231,499 shares of the company's stock were exchanged, compared to its average volume of 244,706. 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 company has a 50-day simple moving average of GBX 180.35 and a two-hundred day simple moving average of GBX 173.26. Harworth Group has a 52-week low of GBX 150 ($2.02) and a 52-week high of GBX 195 ($2.62). The company has a market cap of £597.17 million, a price-to-earnings ratio of 11.96 and a beta of 0.74.

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.