Harworth Group (LON:HWG) Receives Buy Rating from 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 restated by equities researchers at Jefferies Financial Group in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 210 ($2.82) price objective on the stock. Jefferies Financial Group's price objective indicates a potential upside of 10.82% from the company's current price.

Harworth Group Stock Performance

Harworth Group stock remained flat at GBX 189.50 ($2.55) during midday trading on Tuesday. The company had a trading volume of 249,949 shares, compared to its average volume of 244,289. The company has a debt-to-equity ratio of 13.88, a current ratio of 2.59 and a quick ratio of 1.13. The stock's fifty day simple moving average is GBX 180.06 and its two-hundred day simple moving average is GBX 173.14. Harworth Group has a 12-month low of GBX 150 ($2.02) and a 12-month high of GBX 195 ($2.62). The company has a market cap of £623.87 million, a price-to-earnings ratio of 12.49 and a beta of 0.74.

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.