Shore Capital Group Reaffirms “Buy” Rating for Halfords Group (LON:HFD)

Halfords Group (LON:HFD)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 200 price target on the stock. Shore Capital Group’s price target would suggest a potential downside of 4.40% from the company’s current price.

Separately, Canaccord Genuity Group upgraded Halfords Group to a “buy” rating and raised their price target for the stock from GBX 156 to GBX 170 in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Halfords Group has an average rating of “Buy” and an average price target of GBX 185.

Halfords Group Stock Performance

Shares of HFD stock opened at GBX 209.20 on Thursday. The stock’s 50-day moving average is GBX 162.86 and its two-hundred day moving average is GBX 149.12. The firm has a market cap of £455.80 million, a price-to-earnings ratio of -13.58, a PEG ratio of 2.80 and a beta of 1.22. Halfords Group has a 1 year low of GBX 123.80 and a 1 year high of GBX 210. 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 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.