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The latest announcement is out from Harworth ( (GB:HWG) ).
Harworth Group plc has issued 9,030 new ordinary shares at a nominal price of 10 pence each, following the exercise of share options under its Save As You Earn Scheme. These shares have been admitted to trading, increasing the total number of ordinary shares to 325,742,677. This update is significant for shareholders as it affects the calculations for notifying changes in their interests under the Financial Conduct Authority’s rules.
Spark’s Take on GB:HWG Stock
According to Spark, TipRanks’ AI Analyst, GB:HWG is a Neutral.
Harworth Group has a strong financial base with impressive revenue growth and profitability, though cash flow challenges need attention. The technical analysis suggests a neutral short-term market sentiment. Valuation metrics indicate potential undervaluation, offering opportunities for growth. The positive impact of corporate events, particularly employee incentives and strategic expansion, supports a favorable outlook.
To see Spark’s full report on GB:HWG stock, click here.
More about Harworth
Harworth Group plc is a leading land and property regenerator specializing in sustainable developments. The company owns, develops, and manages a portfolio of over 15,000 acres of strategic land across more than 100 sites in the North of England and Midlands. Harworth focuses on transforming former industrial sites into new industrial and logistics developments and serviced residential land, creating sustainable communities that support new homes and jobs.
Average Trading Volume: 231,154
Technical Sentiment Signal: Strong Buy
Current Market Cap: £545M
For an in-depth examination of HWG stock, go to TipRanks’ Overview page.