Harworth Group (LON:HWG) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Harworth Group (LON:HWG – Get Rating) in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have a GBX 180 ($2.24) price objective on the stock.

Harworth Group Trading Up 2.8 %

LON:HWG opened at GBX 127.50 ($1.59) on Tuesday. The firm has a market cap of £411.93 million, a P/E ratio of 1,416.67 and a beta of 0.71. The company has a current ratio of 3.72, a quick ratio of 1.13 and a debt-to-equity ratio of 9.99. The stock’s 50 day simple moving average is GBX 116.57 and its 200-day simple moving average is GBX 114.07. Harworth Group has a 12-month low of GBX 99 ($1.23) and a 12-month high of GBX 171 ($2.13).

Harworth Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 4th will be issued a GBX 0.93 ($0.01) dividend. This is an increase from Harworth Group’s previous dividend of $0.40. The ex-dividend date is Thursday, May 4th. This represents a dividend yield of 0.77%. Harworth Group’s payout ratio is presently 1,111.11%.

About Harworth Group

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Harworth Group plc operates as a land and property regeneration company in the North of England and the Midlands. The company operates through two segments, Income Generation and Capital Growth. The Income Generation segment focuses on generating rental returns from the investment portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income-generating streams from recycled aggregates and secondary coal products.