Harworth Group (LON:HWG) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 148.04 and traded as high as GBX 179.60. Harworth Group shares last traded at GBX 175, with a volume of 1,218,005 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HWG. Peel Hunt reiterated a “buy” rating and issued a GBX 200 price objective on shares of Harworth Group in a research note on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 170 target price on shares of Harworth Group in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Harworth Group has an average rating of “Buy” and an average price target of GBX 196.75.

Harworth Group Stock Down 0.1%

The company has a market cap of £572.39 million, a P/E ratio of 62.86 and a beta of 0.54. The stock has a 50-day moving average of GBX 149.03 and a 200 day moving average of GBX 145.72. The company has a debt-to-equity ratio of 24.93, a current ratio of 457.81 and a quick ratio of 1.13.

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.