Canaccord Genuity Group Forecasts Strong Price Appreciation for Halfords Group (LON:HFD) Stock

Halfords Group (LON:HFD) had its price objective upped by Canaccord Genuity Group from GBX 255 to GBX 285 in a research note issued to investors on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 7.95% from the company’s current price.

Separately, Shore Capital Group lifted their target price on Halfords Group from GBX 260 to GBX 320 and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 302.50.

Halfords Group Stock Up 1.0%

Shares of HFD stock traded up GBX 2.50 during trading on Friday, reaching GBX 264. The company’s stock had a trading volume of 191,011 shares, compared to its average volume of 1,922,146. Halfords Group has a 1-year low of GBX 123.80 and a 1-year high of GBX 276.10. The stock’s 50-day moving average price is GBX 241.29 and its 200 day moving average price is GBX 183.60. The company has a market capitalization of £571.78 million, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.80 and a beta of 1.24. 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 earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. The company had revenue of GBX 180.17 billion for the quarter. On average, research analysts anticipate that Halfords Group 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.