Berenberg Bank Issues Pessimistic Forecast for Harworth Group (LON:HWG) Stock Price

Harworth Group (LON:HWG) had its price objective decreased by stock analysts at Berenberg Bank from GBX 202 to GBX 195 in a report issued on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 9.55% from the stock’s current price.

Several other research firms also recently commented on HWG. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 170 price objective on shares of Harworth Group in a report on Wednesday, September 9th. Peel Hunt restated a “buy” rating and set a GBX 200 target price on shares of Harworth Group in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Harworth Group currently has a consensus rating of “Buy” and a consensus price target of GBX 195.

Harworth Group Price Performance

Shares of LON HWG opened at GBX 178 on Tuesday. The business’s 50 day moving average price is GBX 163.49 and its 200 day moving average price is GBX 146.37. The firm has a market cap of £578.90 million, a P/E ratio of 63.57 and a beta of 0.57. Harworth Group has a 52 week low of GBX 116.80 and a 52 week high of GBX 185. The company has a quick ratio of 1.13, a current ratio of 441.42 and a debt-to-equity ratio of 29.88.

Harworth Group (LON:HWG) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX (7.80) earnings per share for the quarter. Harworth Group had a negative return on equity of 3.74% and a negative net margin of 20.56%. On average, sell-side analysts expect that Harworth Group will post 15.3212521 earnings per share for the current year.

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.