Halfords Group (LON:HFD) Reaches New 12-Month High – Still a Buy?

Halfords Group plc (LON:HFD) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 242.50 and last traded at GBX 241.99, with a volume of 609187 shares trading hands. The stock had previously closed at GBX 239.50.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Shore Capital Group reiterated a “buy” rating and set a GBX 200 target price on shares of Halfords Group in a research report on Thursday, June 25th. Canaccord Genuity Group boosted their target price on Halfords Group from GBX 170 to GBX 255 and gave the company a “buy” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 227.50.

Halfords Group Trading Down 1.8%

The business’s 50-day moving average price is GBX 194.55 and its 200-day moving average price is GBX 160.01. The firm has a market capitalization of £521.82 million, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41.

Halfords Group (LON:HFD) last released its quarterly earnings results on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. The firm had revenue of GBX 180.17 billion during the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. As a group, analysts expect that Halfords Group plc 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.