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The latest announcement is out from Harworth ( (GB:HWG) ).
Harworth Group plc has issued 272,712 new ordinary shares at a nominal price of 10 pence each under its 2019 Share Incentive Plan. This issuance increases the total number of ordinary shares to 325,718,727, impacting shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.
Spark’s Take on GB:HWG Stock
According to Spark, TipRanks’ AI Analyst, GB:HWG is a Outperform.
Harworth Group exhibits strong financial growth and profitability with strategic initiatives enhancing its market position, though free cash flow challenges remain. Technical indicators show positive momentum, and valuation metrics suggest the stock is undervalued. Positive corporate events further bolster the outlook, contributing to an overall favorable stock assessment.
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 focused on sustainable developments. The company owns, develops, and manages over 15,000 acres of strategic land across more than 100 sites in the North of England and Midlands. Harworth specializes in transforming former industrial sites into new industrial and logistics developments and serviced residential land, supporting the creation of sustainable communities, homes, and jobs.
Average Trading Volume: 185,833
Technical Sentiment Signal: Strong Buy
Current Market Cap: £555.5M
See more insights into HWG stock on TipRanks’ Stock Analysis page.