Harworth Group Expands Share Issuance Under Employee Incentive Plan

The latest update is out from Harworth ( (GB:HWG) ).

Harworth Group plc has issued 2,554 new ordinary shares at a nominal price of 10 pence each as part of its 2019 Share Incentive Plan, bringing the total number of ordinary shares in issue to 325,446,015. This move is part of Harworth’s ongoing efforts to engage employees and align their interests with the company’s long-term goals, potentially enhancing stakeholder value and reinforcing its position in the sustainable development sector.

Spark’s Take on GB:HWG Stock

According to Spark, TipRanks’ AI Analyst, GB:HWG is a Outperform.

Harworth Group exhibits robust financial growth and a strong market position, supported by positive technical indicators and an attractive valuation. While cash flow challenges exist, recent corporate actions and strategic initiatives provide a promising outlook for future performance.

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 manages a portfolio of over 15,000 acres across more than 100 sites in the North of England and Midlands. Harworth focuses on transforming former industrial sites into industrial and logistics developments and serviced residential land, aiming to create sustainable communities and support new homes and jobs.

YTD Price Performance: 3.24%

Average Trading Volume: 174,080

Technical Sentiment Signal: Strong Sell

Current Market Cap: £573.7M

Learn more about HWG stock on TipRanks’ Stock Analysis page.