Harworth Group (LON:HWG) Reaches New 1-Year High – Should You Buy?

Harworth Group plc (LON:HWG – Get Free Report)’s stock price reached a new 52-week high on Tuesday. The company traded as high as GBX 209.50 and last traded at GBX 202.50, with a volume of 6,795 shares traded. The stock had previously closed at GBX 203.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWG. Jefferies Financial Group reissued a “hold” rating and set a GBX 180 price objective on shares of Harworth Group in a research note on Friday, September 25th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Harworth Group in a research report on Wednesday, August 5th. Finally, Berenberg Bank reduced their price objective 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Harworth Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 195.50.

Check Out Our Latest Analysis on Harworth Group

Harworth Group Price Performance

The stock has a market capitalization of £664.42 million, a P/E ratio of -25.19 and a beta of 0.59. The company has a 50 day moving average of GBX 184.61 and a 200-day moving average of GBX 156.50. The company has a quick ratio of 1.13, a current ratio of 441.42 and a debt-to-equity ratio of 29.88.

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

Harworth Group Company Profile

(Get Free Report)

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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