Harworth Group (LON:HWG) Reaches New 1-Year Low – Here’s What Happened

Harworth Group plc (LON:HWG)’s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 136.60 and last traded at GBX 138, with a volume of 179195 shares trading hands. The stock had previously closed at GBX 143.

Analyst Ratings Changes

HWG has been the subject of a number of analyst reports. Panmure Gordon reissued a “buy” rating and set a GBX 215 price objective on shares of Harworth Group in a report on Monday, January 19th. Berenberg Bank increased their target price on shares of Harworth Group from GBX 201 to GBX 202 and gave the stock a “buy” rating in a research report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 209.75.

Harworth Group Stock Performance

The stock has a 50-day moving average of GBX 158.56 and a 200 day moving average of GBX 162.02. The firm has a market capitalization of £448.21 million, a P/E ratio of 49.29 and a beta of 0.63. The company has a debt-to-equity ratio of 24.93, a quick ratio of 1.13 and a current ratio of 457.81.

Harworth Group (LON:HWG) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 2.90 earnings per share (EPS) for the quarter. Harworth Group had a return on equity of 1.36% and a net margin of 7.25%. On average, research analysts anticipate that Harworth Group plc will post 15.3212521 earnings per share for the current year.

Insider Activity at Harworth Group

In related news, insider Lynda Shillaw purchased 21,764 shares of Harworth Group stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of GBX 155 per share, for a total transaction of £33,734.20. Also, insider Alastair Lyons CBE acquired 31,610 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of GBX 155 per share, for a total transaction of £48,995.50. Insiders acquired 94,035 shares of company stock valued at $14,698,243 over the last ninety days. 1.50% of the stock is owned by insiders.

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. Visit www.harworthgroup.com for further information.