Canaccord Genuity Group Issues Positive Forecast for Halfords Group (LON:HFD) Stock Price

Halfords Group (LON:HFD) had its target price hoisted by stock analysts at Canaccord Genuity Group from GBX 170 to GBX 255 in a note issued to investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 9.32% from the stock’s previous close.

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 200 price objective on shares of Halfords Group in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 227.50.

Halfords Group Price Performance

Shares of LON HFD opened at GBX 233.26 on Tuesday. The firm’s 50-day moving average price is GBX 167.99 and its 200-day moving average price is GBX 150.66. Halfords Group has a 1-year low of GBX 123.80 and a 1-year high of GBX 235. The firm has a market capitalization of £508.22 million, a P/E ratio of -15.15, a P/E/G ratio of 2.80 and a beta of 1.22. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29.

Halfords Group (LON:HFD) last issued its earnings results on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%.The company had revenue of GBX 180.17 billion during the quarter. Equities research analysts anticipate that Halfords Group will post 9.1143911 earnings per share for the current fiscal year.

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.