Harworth Group (LON:HWG) Stock Price Up 24% – Still a Buy?

Harworth Group plc (LON:HWG) shares shot up 24% during mid-day trading on Thursday . The stock traded as high as GBX 178 and last traded at GBX 178. 3,991,904 shares were traded during mid-day trading, an increase of 615% from the average daily volume of 558,414 shares. The stock had previously closed at GBX 143.60.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Peel Hunt restated a “buy” rating and set a GBX 200 target price on shares of Harworth Group in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 170 price target on shares of Harworth Group in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 196.75.

Harworth Group Price Performance

The company has a 50 day simple moving average of GBX 126.68 and a 200-day simple moving average of GBX 143.44. The stock has a market cap of £578.88 million, a price-to-earnings ratio of 63.57 and a beta of 0.53. The company has a current ratio of 457.81, a quick ratio of 1.13 and a debt-to-equity ratio of 24.93.

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.