Halfords Group (LON:HFD) Hits New 12-Month High – Should You Buy?

Halfords Group plc (LON:HFD)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 220 and last traded at GBX 218.50, with a volume of 71310758 shares changing hands. The stock had previously closed at GBX 217.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Halfords Group in a research report on Thursday. Canaccord Genuity Group raised Halfords Group to a “buy” rating and increased their price target for the company from GBX 156 to GBX 170 in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Halfords Group presently has a consensus rating of “Buy” and a consensus price target of GBX 185.

Halfords Group Trading Up 0.7%

The stock has a 50-day moving average price of GBX 164.50 and a two-hundred day moving average price of GBX 149.60. The stock has a market capitalization of £476.06 million, a PE ratio of -14.19, a PEG ratio of 2.80 and a beta of 1.22. The company has a debt-to-equity ratio of 50.72, a quick ratio of 0.41 and a current ratio of 0.84.

Halfords Group (LON:HFD) last released its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Halfords Group had a negative net margin of 1.94% and a negative return on equity of 6.79%. The company had revenue of GBX 180.17 billion during the quarter. As a group, equities analysts forecast that Halfords Group plc will post 9.1143911 earnings per share for the current year.

About Halfords Group

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.