Shore Capital Group Reiterates Buy Rating for Halfords Group (LON:HFD)

Halfords Group (LON:HFD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital Group in a research report issued on Tuesday,London Stock Exchange reports.

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

Halfords Group Trading Up 2.2%

LON:HFD traded up GBX 4 during mid-day trading on Tuesday, hitting GBX 183. 452,607 shares of the company’s stock were exchanged, compared to its average volume of 1,105,757. Halfords Group has a fifty-two week low of GBX 123.80 and a fifty-two week high of GBX 185.61. The company has a current ratio of 0.84, a quick ratio of 0.41 and a debt-to-equity ratio of 50.72. The firm has a market capitalization of £398.72 million, a P/E ratio of -11.88, a PEG ratio of 2.80 and a beta of 1.19. The company has a 50 day simple moving average of GBX 150.41 and a 200-day simple moving average of GBX 145.38.

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.