Harworth Group (LON:HWG) Hits New 12-Month Low – What’s Next?

Harworth Group plc (LON:HWG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 157 and last traded at GBX 160.31, with a volume of 78200 shares trading hands. The stock had previously closed at GBX 165.50.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HWG shares. Berenberg Bank boosted their target price on Harworth Group from GBX 201 to GBX 202 and gave the company a “buy” rating in a research note on Monday, January 26th. Panmure Gordon restated a “buy” rating and set a GBX 215 price target on shares of Harworth Group in a research report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 209.75.

Harworth Group Stock Down 3.1%

The company has a market capitalization of £519.77 million, a P/E ratio of 10.21 and a beta of 0.74. The company has a current ratio of 2.92, a quick ratio of 1.13 and a debt-to-equity ratio of 27.28. The stock’s fifty day moving average is GBX 166.34 and its 200 day moving average is GBX 165.88.

Harworth Group (LON:HWG) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 2.90 earnings per share (EPS) for the quarter. Harworth Group had a net margin of 27.75% and a return on equity of 7.50%. Research analysts predict that Harworth Group plc will post 15.3212521 EPS for the current fiscal year.

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.