Liberum ups Harworth target price following trading update
Citius Resources
3.00p
17:30 25/03/24
Analysts at Liberum revised up their target price for Harworth in the wake of the land and property regeneration company's latest trading update.
FTSE All-Share
4,342.14
16:40 28/03/24
FTSE Small Cap
6,382.89
16:29 28/03/24
Real Estate Investment & Services
2,271.61
16:29 28/03/24
With the company having guided towards an EPRA net disposal value as at 30 June "materially ahead" of the current consensus of 167.0p for year-end 2021, Liberum upped its target price from 161.0p to 175.0p.
Their own year-end 2021 NDV estimate meanwhile was marked uo by 6.8% to 179.0p with the total accounting return now anticipated for 2021 at 12.7% - which was toward the top end of its UK real estate coverage universe.
They also highlighted the "attractive" 15% discount the shares were trading on relative to the spot EPRA NDV, against 18% for the wider UK real estate sector.