Halfords Group (LON:HFD) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Halfords Group plc (LON:HFD) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 187.76 and traded as high as GBX 253. Halfords Group shares last traded at GBX 248.50, with a volume of 7,100,088 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HFD shares. Shore Capital Group boosted their price target on Halfords Group from GBX 260 to GBX 320 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Canaccord Genuity Group raised their price objective on Halfords Group from GBX 255 to GBX 285 and gave the stock a “buy” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 302.50.

Halfords Group Stock Performance

The stock’s 50 day moving average price is GBX 244.14 and its 200 day moving average price is GBX 187.76. 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 has a market cap of £538.21 million, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.80 and a beta of 1.25.

Halfords Group (LON:HFD) last announced its quarterly earnings data 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. On average, analysts expect that Halfords Group plc will post 9.1143911 EPS 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.