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Harworth ( (GB:HWG) ) has provided an update.
Harworth Group plc has secured a new £275 million Revolving Credit Facility (RCF) with improved terms, which can be increased to £325 million through an accordion option. This new facility, which replaces the existing £240 million facility, extends the Group’s debt maturity by approximately 2.5 years, reducing costs and providing greater flexibility for investment in their development pipeline. The agreement reflects Harworth’s strong relationships with its banking partners and positions the company to optimize its balance sheet while maintaining its target net loan-to-portfolio value.
The most recent analyst rating on (GB:HWG) stock is a Hold with a £171.00 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. However, technical analysis indicates bearish momentum, which could pose short-term risks. The valuation is reasonable, offering some appeal to investors.
To see Spark’s full report on GB:HWG stock, click here.
More about Harworth
Harworth Group plc is a leading regeneration and strategic land owner and developer focused on the Industrial & Logistics (I&L) and Residential sectors. The company manages a portfolio of over 15,000 acres of strategic land across more than 100 sites in the North of England and Midlands. Harworth specializes in transforming large, complex sites into new I&L developments and serviced remediated land for the I&L and Residential land markets, aiming to create sustainable communities.
Average Trading Volume: 281,230
Technical Sentiment Signal: Sell
Current Market Cap: £522.5M
See more insights into HWG stock on TipRanks’ Stock Analysis page.