Harworth Group (LON:HWG) Hits New 12-Month High – Should You Buy?

Shares of Harworth Group plc (LON:HWG) hit a new 52-week high on Tuesday. The company traded as high as GBX 193.20 and last traded at GBX 189.45, with a volume of 2,193,661 shares. The stock had previously closed at GBX 186.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HWG. Jefferies Financial Group reissued a “hold” rating and issued a GBX 180 target price on shares of Harworth Group in a report on Friday, September 25th. Berenberg Bank cut their price target on shares of Harworth Group from GBX 195 to GBX 187 and set a “hold” rating for the company in a report on Thursday, October 8th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 200 price target on shares of Harworth Group in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 195.50.

Harworth Group Trading Up 1.9%

The firm has a market cap of £615.37 million, a price-to-earnings ratio of -23.98 and a beta of 0.59. The company has a debt-to-equity ratio of 29.88, a quick ratio of 1.13 and a current ratio of 441.42. The business has a fifty day moving average of GBX 181.74 and a two-hundred day moving average of GBX 155.17.

Harworth Group (LON:HWG) last released its quarterly earnings data on Wednesday, September 9th. The company reported GBX (7.80) earnings per share for the quarter. Harworth Group had a negative net margin of 20.56% and a negative return on equity of 3.74%. As a group, equities analysts expect that Harworth Group plc will post 15.32 earnings per share 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.