Harworth Group (LON:HWG) Stock Falls 8.2% - Time to Sell?

Key Points

• Harworth Group shares fell 8.2% to GBX 190 in mid-day trading, with volume down sharply to about 105,556 shares versus an average of 1.7 million.
• Analyst sentiment remains mixed: Berenberg cut its price target to GBX 187 and maintained a hold rating, while the consensus rating is “Moderate Buy” with a GBX 195.50 target.
• The company reported a quarterly loss of GBX 7.80 per share, alongside negative net margin and return on equity, although analysts forecast full-year earnings of 15.32 pence per share.

Shares of Harworth Group plc (LON:HWG - Get Free Report) were down 8.2% during mid-day trading on Thursday. The company traded as low as GBX 190 and last traded at GBX 190. Approximately 105,556 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,703,478 shares. The stock had previously closed at GBX 207.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank reduced their price objective on shares of Harworth Group from GBX 195 to GBX 187 and set a "hold" rating on the stock in a report on Thursday, October 8th. Jefferies Financial Group restated a "hold" rating and issued a GBX 180 price objective on shares of Harworth Group in a research note on Friday, September 25th. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 200 target price on shares of Harworth Group in a 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. Based on data from MarketBeat.com, Harworth Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 195.50.

Harworth Group Trading Down 8.6%

The company has a quick ratio of 1.13, a current ratio of 441.42 and a debt-to-equity ratio of 29.88. The business's 50 day moving average is GBX 182.39 and its 200-day moving average is GBX 155.42. The firm has a market cap of £614.76 million, a P/E ratio of -23.96 and a beta of 0.59.

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

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. Visit www.harworthgroup.com for further information.

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