Harworth Group (LON:HWG) Sets New 1-Year Low – What’s Next?

Harworth Group plc (LON:HWG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 120 and last traded at GBX 124.20, with a volume of 7297389 shares. The stock had previously closed at GBX 122.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on shares of Harworth Group from GBX 201 to GBX 202 and gave the stock a “buy” rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 209.75.

Harworth Group Stock Performance

The company has a current ratio of 457.81, a quick ratio of 1.13 and a debt-to-equity ratio of 24.93. The business’s fifty day simple moving average is GBX 144.49 and its two-hundred day simple moving average is GBX 157.59. The stock has a market capitalization of £409.26 million, a P/E ratio of 45.00 and a beta of 0.63.

Harworth Group (LON:HWG) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 2.90 earnings per share for the quarter. Harworth Group had a net margin of 7.25% and a return on equity of 1.36%. As a group, analysts forecast that Harworth Group plc will post 15.3212521 earnings per share for the current year.

Insider Buying and Selling at Harworth Group

In related news, insider Phil Redding purchased 40,000 shares of Harworth Group stock in a transaction on Monday, March 23rd. The stock was purchased at an average cost of GBX 158 per share, with a total value of £63,200. Also, insider Lynda Shillaw purchased 21,764 shares of Harworth Group stock in a transaction on Friday, March 20th. The stock was bought at an average cost of GBX 155 per share, with a total value of £33,734.20. Insiders purchased a total of 93,993 shares of company stock valued at $14,683,151 in the last ninety days. Company insiders own 1.50% of the company’s stock.

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.