Halfords Group (LON:HFD) Sets New 1-Year High – Here’s Why

Halfords Group plc (LON:HFD) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 241 and last traded at GBX 240.50, with a volume of 627000 shares trading hands. The stock had previously closed at GBX 239.

Analyst Upgrades and Downgrades

HFD has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price on shares of Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Shore Capital Group reissued a “buy” rating and issued a GBX 200 price target on shares of Halfords Group in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 227.50.

Halfords Group Price Performance

The stock has a market cap of £518.55 million, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29. The company’s fifty day simple moving average is GBX 179.79 and its 200-day simple moving average is GBX 154.62.

Halfords Group (LON:HFD) last issued its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share for the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. The business had revenue of GBX 180.17 billion for the quarter. As a group, sell-side analysts forecast that Halfords Group plc will post 9.1143911 EPS for the current 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.