Peel Hunt Reiterates “Buy” Rating for Harworth Group (LON:HWG)

Peel Hunt reaffirmed their buy rating on shares of Harworth Group (LON:HWG) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the stock. Liberum Capital reissued a buy rating on shares of Harworth Group in a research note on Tuesday, September 10th. Peel Hunt reissued a buy rating and issued a GBX 146 ($1.91) target price on shares of Harworth Group in a research note on Monday, July 1st.

LON:HWG opened at GBX 125.50 ($1.64) on Tuesday. The stock has a fifty day simple moving average of GBX 130.64 and a 200-day simple moving average of GBX 128.96. Harworth Group has a 52-week low of GBX 106 ($1.39) and a 52-week high of GBX 137 ($1.79). The company has a market capitalization of $403.49 million and a PE ratio of 9.37. The company has a quick ratio of 1.08, a current ratio of 4.48 and a debt-to-equity ratio of 14.38.

The company also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a GBX 0.30 ($0.00) dividend. This represents a yield of 0.24%. The ex-dividend date is Thursday, September 19th. Harworth Group’s payout ratio is 0.07%.

About Harworth Group

Harworth Group plc operates as a brownfield land developer and regeneration company in the North of England and the Midlands. The company operates through two segments, Income Generation and Capital Growth. The Income Generation segment focuses on generating rental returns from the business space portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income generating streams from recycled aggregates and secondary coal products.

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