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The latest update is out from Harworth ( (GB:HWG) ).
Harworth Group has secured a resolution from Leeds’ local planning committee to grant consent for Microsoft’s hyperscale data centre campus and associated industrial and logistics space at Skelton Grange in West Yorkshire. The scheme covers about 500,000 sq ft across three data centre halls and auxiliary buildings on Plots 1 and 2, plus roughly 160,000 sq ft of warehouse and EV charging on Harworth’s adjoining 16-acre site.
The decision advances the second phase sale of Plot 2 to Microsoft, which is expected to generate £53.2m following the £51.2m already received for Plot 1, with Harworth continuing to deliver remediation and enabling works. Management says the project will underpin group value growth and could help attract around £4bn of inward investment to the region, while its wider powered land portfolio leaves it well placed to capture rising demand from data centre and other power-intensive sectors.
The most recent analyst rating on (GB:HWG) stock is a Buy with a £190.00 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 is a UK-listed regeneration, strategic land and development company focused on industrial & logistics and residential sectors across the North of England and the Midlands. It owns, develops and manages more than 15,000 acres over 100 sites, specialising in transforming large, complex brownfield locations into new industrial schemes and serviced, remediated land for sale to industrial and residential markets.
Average Trading Volume: 280,293
Technical Sentiment Signal: Sell
Current Market Cap: £441.1M
For an in-depth examination of HWG stock, go to TipRanks’ Overview page.