Halfords Group (LON:HFD) Shares Pass Above 200-Day Moving Average – Here’s Why

Halfords Group plc (LON:HFDGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 169.97 and traded as high as GBX 247. Halfords Group shares last traded at GBX 243.81, with a volume of 1,143,457 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HFD shares. 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, June 25th. Canaccord Genuity Group raised their target price on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Halfords Group currently has an average rating of “Buy” and a consensus price target of GBX 227.50.

Check Out Our Latest Research Report on HFD

Halfords Group Stock Performance

The business has a fifty day moving average of GBX 216.18 and a 200 day moving average of GBX 169.97. The company has a market cap of £526.18 million, a P/E ratio of 16.54, a P/E/G ratio of 2.80 and a beta of 1.23. The company has a quick ratio of 0.41, a current ratio of 0.89 and a debt-to-equity ratio of 48.29.

Halfords Group (LON:HFDGet Free Report) last released its quarterly earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share 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 analysts predict that Halfords Group plc will post 9.1143911 EPS for the current year.

About Halfords Group

(Get Free Report)

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.

Further Reading

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