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

Halfords Group plc (LON:HFD) shares reached a new 52-week high during trading on Friday . The company traded as high as GBX 220 and last traded at GBX 218.50, with a volume of 71310758 shares trading hands. The stock had previously closed at GBX 217.

Analyst Ratings Changes

HFD has been the topic of several research analyst reports. Shore Capital Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Halfords Group in a research note on Thursday. Canaccord Genuity Group raised Halfords Group to a “buy” rating and boosted their target price for the company from GBX 156 to GBX 170 in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Halfords Group presently has an average rating of “Buy” and a consensus target price of GBX 185.

Halfords Group Price Performance

The company has a market cap of £476.06 million, a price-to-earnings ratio of -14.19, a PEG ratio of 2.80 and a beta of 1.22. The company has a quick ratio of 0.41, a current ratio of 0.89 and a debt-to-equity ratio of 48.29. The company’s fifty day moving average price is GBX 166.17 and its two-hundred day moving average price is GBX 150.09.

Halfords Group (LON:HFD) last issued its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. The business had revenue of GBX 180.17 billion for the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. On average, equities research analysts forecast 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.