Harworth Group (LON:HWG) Insider Buys £63,200 in Stock

Harworth Group plc (LON:HWG) insider Phil Redding acquired 40,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of GBX 158 per share, for a total transaction of £63,200.

Harworth Group Stock Performance

LON:HWG opened at GBX 154.79 on Wednesday. The company has a market capitalization of £501.87 million, a price-to-earnings ratio of 9.86 and a beta of 0.74. The business has a 50 day moving average of GBX 165.14 and a 200 day moving average of GBX 165.24. The company has a debt-to-equity ratio of 24.93, a current ratio of 457.81 and a quick ratio of 1.13. Harworth Group plc has a 1-year low of GBX 146.66 and a 1-year high of GBX 190.50.

Harworth Group (LON:HWG) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 2.90 EPS for the quarter. Harworth Group had a net margin of 7.30% and a return on equity of 1.36%. On average, sell-side analysts predict that Harworth Group plc will post 15.3212521 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on HWG. Berenberg Bank boosted their price target on shares of Harworth Group from GBX 201 to GBX 202 and gave the stock a “buy” rating in a research note on Monday, January 26th. Panmure Gordon reiterated a “buy” rating and issued a GBX 215 price objective on shares of Harworth Group in a report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Harworth Group has a consensus rating of “Buy” and an average price target of GBX 209.75.

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.