Harworth Group (LON:HWG) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 126.08 and traded as high as GBX 132.80. Harworth Group shares last traded at GBX 132.58, with a volume of 143,931 shares changing hands.

Analysts Set New Price Targets

HWG has been the subject of a number of research reports. Peel Hunt reissued a “buy” rating and set a GBX 200 price target on shares of Harworth Group in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 170 price objective on shares of Harworth Group in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 196.75.

Harworth Group Stock Up 6.4%

The firm’s 50-day moving average price is GBX 126.29 and its 200-day moving average price is GBX 143.60. The company has a debt-to-equity ratio of 24.93, a current ratio of 457.81 and a quick ratio of 1.13. The company has a market cap of £467.01 million, a price-to-earnings ratio of 51.29 and a beta of 0.53.

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.