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

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 166.10 and traded as high as GBX 171.76. Harworth Group shares last traded at GBX 170, with a volume of 54,715 shares changing hands.

Wall Street Analyst Weigh In

HWG has been the topic of several analyst reports. Berenberg Bank upped their price target 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. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 215 target price on shares of Harworth Group in a report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 209.75.

Harworth Group Stock Performance

The stock’s 50-day moving average price is GBX 166.10 and its 200-day moving average price is GBX 166.47. The company has a market cap of £539.83 million, a P/E ratio of 10.61 and a beta of 0.74. The company has a debt-to-equity ratio of 27.28, a current ratio of 2.92 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.