Halfords Group (LON:HFD) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Halfords Group plc (LON:HFD) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 141.70 and traded as high as GBX 157.60. Halfords Group shares last traded at GBX 157.40, with a volume of 651,498 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of Halfords Group to a “buy” rating and raised their price target for the company from GBX 156 to GBX 170 in a report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 170.

Halfords Group Price Performance

The company’s fifty day moving average is GBX 137.04 and its 200 day moving average is GBX 141.70. The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 50.72. The stock has a market cap of £342.94 million, a PE ratio of -10.22, a price-to-earnings-growth ratio of 2.80 and a beta of 1.15.

Halfords Group Company Profile

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.