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

Harworth Group plc (LON:HWG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 141.64 and traded as high as GBX 180. Harworth Group shares last traded at GBX 178, with a volume of 61,678 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HWG. Jefferies Financial Group reiterated a “buy” rating and set a GBX 170 price objective on shares of Harworth Group in a research report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and set a GBX 200 price objective on shares of Harworth Group in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 196.75.

Harworth Group Price Performance

The company has a fifty day simple moving average of GBX 142.65 and a 200 day simple moving average of GBX 145.09. The stock has a market capitalization of £585.40 million, a price-to-earnings ratio of 64.29 and a beta of 0.54. The company has a debt-to-equity ratio of 24.93, a quick ratio of 1.13 and a current ratio of 457.81.

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.