Halfords Group (LON:HFD) Hits New 52-Week High – Here’s What Happened

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 245 and last traded at GBX 243, with a volume of 250364 shares. The stock had previously closed at GBX 241.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HFD shares. Shore Capital Group reissued a “buy” rating and set a GBX 200 price target on shares of Halfords Group in a research note on Thursday, June 25th. Canaccord Genuity Group raised their price objective on shares of Halfords Group from GBX 170 to GBX 255 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Halfords Group presently has an average rating of “Buy” and an average target price of GBX 227.50.

Halfords Group Stock Down 0.2%

The firm has a 50 day simple moving average of GBX 210.28 and a two-hundred day simple moving average of GBX 166.97. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41. The stock has a market cap of £529.44 million, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23.

Halfords Group (LON:HFD) last issued its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The firm had revenue of GBX 180.17 billion for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. As a group, sell-side analysts expect that Halfords Group plc will post 9.1143911 EPS for the current year.

About Halfords Group

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.