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Harworth ( (GB:HWG) ) has issued an announcement.
Harworth Group plc has secured 267,000 sq ft in Industrial & Logistics (I&L) lettings, contributing £2.5m in annualised rental income and substantially reducing their portfolio’s EPRA vacancy to just 1.0%. Key tenants include Uniserve at Droitwich 170, demonstrating strong demand for Grade A space and supporting their strategy to grow the I&L portfolio. The achievement of full occupancy across several strategic developments underscores Harworth’s focus on delivering high-quality products and optimizing their consented pipeline of 8.7m sq ft. This progress further solidifies their reputation and positioning in the regeneration and strategic land development market.
The most recent analyst rating on (GB:HWG) stock is a Hold with a £178.00 price target. To see the full list of analyst forecasts on Harworth stock, see the GB:HWG Stock Forecast page.
Spark’s Take on GB:HWG Stock
According to Spark, TipRanks’ AI Analyst, GB:HWG is a Neutral.
Harworth’s strong financial performance, particularly in revenue growth and profitability, is a key strength. The company’s valuation is attractive, supported by a reasonable P/E ratio and dividend yield. Positive corporate events further bolster confidence in its strategic direction. However, technical indicators suggest neutral momentum, and cash flow challenges present areas for improvement.
To see Spark’s full report on GB:HWG stock, click here.
More about Harworth
Harworth Group plc (LSE: HWG) is a leading regeneration and strategic land owner and developer, specializing in the Industrial & Logistics (I&L) and Residential sectors. The company owns and manages a diverse portfolio of over 15,000 acres spanning over 100 sites across the North of England and Midlands, focusing on sustainable development of large and complex sites to create new I&L spaces, communities, and residential land solutions.
Average Trading Volume: 319,086
Technical Sentiment Signal: Hold
Current Market Cap: £527.4M
For detailed information about HWG stock, go to TipRanks’ Stock Analysis page.