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

Harworth Group plc (LON:HWG)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 164.13 and traded as high as GBX 165. Harworth Group shares last traded at GBX 163, with a volume of 166,986 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HWG shares. Jefferies Financial Group increased their price target on shares of Harworth Group from GBX 210 to GBX 212 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 210 target price on shares of Harworth Group in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 211.

Harworth Group Stock Performance

The company has a market cap of £528.43 million, a P/E ratio of 10.38 and a beta of 0.74. The stock’s 50 day moving average is GBX 164.13 and its 200-day moving average is GBX 172.85. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 13.88.

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

Insider Activity at Harworth Group

In other news, insider Lynda Shillaw acquired 23,225 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of GBX 172 per share, for a total transaction of £39,947. Also, insider Katerina Patmore acquired 5,787 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was acquired at an average cost of GBX 172 per share, for a total transaction of £9,953.64. Insiders have purchased 29,831 shares of company stock valued at $5,125,382 in the last three months. 1.50% of the stock is owned by insiders.

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.