Harworth Group (LON:HWG) Insider Phil Redding Acquires 40,000 Shares of Stock

Harworth Group plc (LON:HWG) insider Phil Redding bought 40,000 shares of Harworth Group stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of GBX 158 per share, for a total transaction of £63,200.

Harworth Group Stock Up 2.1%

Shares of LON:HWG opened at GBX 155.77 on Thursday. The firm has a market capitalization of £505.06 million, a P/E ratio of 9.92 and a beta of 0.74. The company has a debt-to-equity ratio of 24.93, a quick ratio of 1.13 and a current ratio of 457.81. The stock has a 50 day moving average price of GBX 164.95 and a 200-day moving average price of GBX 165.17. Harworth Group plc has a 52-week low of GBX 146.66 and a 52-week high of GBX 190.50.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on HWG shares. Berenberg Bank boosted their target price on shares of Harworth Group from GBX 201 to GBX 202 and gave the company a “buy” rating in a report on Monday, January 26th. Panmure Gordon reiterated a “buy” rating and issued a GBX 215 price target on shares of Harworth Group in a research note on Monday, January 19th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 209.75.

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.