Harworth Group (LON:HWG) Sets New 1-Year High - What's Next?

Key Points

• Harworth Group shares reached a new 52-week high, trading as high as GBX 193.20 before closing around GBX 189.45, with more than 2.19 million shares changing hands.
• Analyst sentiment remains broadly positive, with an average rating of “Moderate Buy” and an average price target of GBX 195.50; targets range from GBX 180 to GBX 200.
• The company reported a quarterly loss of GBX 7.80 per share, alongside a negative net margin of 20.56% and negative return on equity of 3.74%, though analysts expect full-year EPS of 15.32 pence.

Harworth Group plc (LON:HWG - Get Free Report) shares reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 193.20 and last traded at GBX 189.45, with a volume of 2,193,661 shares. The stock had previously closed at GBX 186.

Analyst Ratings Changes

Several analysts have recently weighed in on HWG shares. Jefferies Financial Group reissued a "hold" rating and issued a GBX 180 target price on shares of Harworth Group in a report on Friday, September 25th. Berenberg Bank dropped their price target on Harworth Group from GBX 195 to GBX 187 and set a "hold" rating on the stock in a research note on Thursday, October 8th. Finally, Peel Hunt reaffirmed a "buy" rating and set a GBX 200 price target on shares of Harworth Group in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 195.50.

Harworth Group Stock Performance

The stock has a market cap of £615.37 million, a PE ratio of -23.98 and a beta of 0.59. The firm's 50-day moving average is GBX 181.74 and its 200 day moving average is GBX 155.17. The company has a debt-to-equity ratio of 29.88, a quick ratio of 1.13 and a current ratio of 441.42.

Harworth Group (LON:HWG - Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported GBX (7.80) EPS for the quarter. Harworth Group had a negative net margin of 20.56% and a negative return on equity of 3.74%. As a group, research analysts anticipate that Harworth Group plc will post 15.32 EPS for the current year.

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.

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