Harworth Group (LON:HWG) Sets New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

Harworth Group Trading Up 1.3%

The stock’s fifty day moving average price is GBX 146.14 and its 200 day moving average price is GBX 158.14. The company has a quick ratio of 1.13, a current ratio of 457.81 and a debt-to-equity ratio of 24.93. The stock has a market cap of £403.41 million, a PE ratio of 44.36 and a beta of 0.63.

Harworth Group (LON:HWG) last posted 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 7.25% and a return on equity of 1.36%. On average, sell-side analysts forecast that Harworth Group plc will post 15.3212521 EPS for the current year.

Insider Buying and Selling

In related news, insider Lynda Shillaw bought 21,764 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of GBX 155 per share, for a total transaction of £33,734.20. Also, insider Phil Redding bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of GBX 158 per share, for a total transaction of £63,200. Over the last quarter, insiders have purchased 93,993 shares of company stock worth $14,683,151. 1.50% of the stock is owned by insiders.

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.