Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Harworth ( (GB:HWG) ) has provided an announcement.
Harworth reported that its industrial and logistics land portfolio remains well positioned, with demand resilient despite macroeconomic pressures. The group now has a record 4.0m sq ft of development-ready land, is advancing 1.8m sq ft of lettings and land sale negotiations, and maintains a 15.2m sq ft pipeline of next-generation sites, including power-enabled land that supports sectors such as advanced manufacturing, defence, energy and data infrastructure.
The company continues to progress residential land sales in a challenging housing market, having completed 155 plots with about 900 more conditionally exchanged or in legals. With £117.3m of liquidity, low leverage at a 17.9% loan-to-value ratio and significant optionality over the timing of developments and disposals, Harworth’s board signalled confidence in scaling its industrial and logistics activities while managing inflationary and geopolitical risks and delivering on its sales pipeline.
The most recent analyst rating on (GB:HWG) stock is a Buy with a £186.00 price target. To see the full list of analyst forecasts on Harworth stock, see the GB:HWG Stock Forecast page.
Spark’s Take on HWG Stock
According to Spark, TipRanks’ AI Analyst, HWG is a Neutral.
The score is held back primarily by weak and inconsistent cash flow alongside volatile operating performance, despite a relatively solid balance sheet. Technicals are bearish with the stock trading below major moving averages, and valuation looks demanding (high P/E with a low yield), adding further downside risk.
To see Spark’s full report on HWG stock, click here.
More about Harworth
Harworth Group plc is a UK-based regeneration, strategic land and development business focused on the industrial and logistics and residential sectors. The company owns, develops and manages over 15,000 acres across more than 100 sites in the North of England and the Midlands, specialising in remediated serviced land and new industrial and logistics developments to create long-term, through-the-cycle value.
Average Trading Volume: 215,148
Technical Sentiment Signal: Sell
Current Market Cap: £416.9M
For an in-depth examination of HWG stock, go to TipRanks’ Overview page.