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

Harworth Group (LON:HWG) had its price objective lowered by equities researchers at Berenberg Bank from GBX 195 to GBX 187 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock.

Other equities research analysts have also issued reports about the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 200 price objective on shares of Harworth Group in a research report on Wednesday, August 5th. Jefferies Financial Group restated a “hold” rating and set a GBX 180 target price on shares of Harworth Group in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 195.50.

Harworth Group Stock Performance

Shares of HWG stock opened at GBX 187 on Thursday. The stock has a fifty day moving average price of GBX 177.42 and a 200 day moving average price of GBX 148.34. The stock has a market cap of £607.42 million, a PE ratio of -23.67 and a beta of 0.59. Harworth Group has a 1 year low of GBX 116.80 and a 1 year high of GBX 195. The company has a debt-to-equity ratio of 29.88, a quick ratio of 1.13 and a current ratio of 441.42.

Harworth Group (LON:HWG) last posted its earnings results on Wednesday, September 9th. The company reported GBX (7.80) earnings per share for the quarter. Harworth Group had a negative net margin of 20.56% and a negative return on equity of 3.74%. Sell-side analysts forecast that Harworth Group will post 15.32 earnings per share for the current fiscal 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.