Harworth Group (LON:HWG) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Harworth Group plc (LON:HWG) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 163.28 and traded as high as GBX 164. Harworth Group shares last traded at GBX 163.50, with a volume of 1,139,420 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HWG shares. Peel Hunt reiterated a “buy” rating and issued a GBX 210 price objective on shares of Harworth Group in a research note on Monday, September 15th. Jefferies Financial Group boosted their price target on shares of Harworth Group from GBX 210 to GBX 212 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 211.

Harworth Group Price Performance

The company’s 50-day simple moving average is GBX 163.20 and its 200 day simple moving average is GBX 172.25. The company has a quick ratio of 1.13, a current ratio of 2.59 and a debt-to-equity ratio of 13.88. The stock has a market capitalization of £533.33 million, a price-to-earnings ratio of 10.48 and a beta of 0.74.

Harworth Group (LON:HWG) last announced its quarterly earnings results on Tuesday, September 16th. The company reported GBX 3 earnings per share for the quarter. Harworth Group had a return on equity of 7.75% and a net margin of 52.25%. Equities research analysts forecast that Harworth Group plc will post 15.3212521 EPS for the current year.

Insider Activity at Harworth Group

In other news, insider Lynda Shillaw purchased 23,225 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were bought at an average price of GBX 172 per share, with a total value of £39,947. Also, insider Katerina Patmore bought 5,787 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was purchased at an average price of GBX 172 per share, for a total transaction of £9,953.64. In the last quarter, insiders have acquired 29,831 shares of company stock worth $5,125,382. Corporate insiders own 1.50% of the company’s stock.

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.