Shore Capital Group Issues Positive Forecast for Halfords Group (LON:HFD) Stock Price

Halfords Group (LON:HFD) had its price target lifted by investment analysts at Shore Capital Group from GBX 260 to GBX 320 in a report issued on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Shore Capital Group’s target price suggests a potential upside of 19.90% from the company’s previous close.

Separately, Canaccord Genuity Group boosted their price objective on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 287.50.

Halfords Group Price Performance

Halfords Group stock opened at GBX 266.89 on Wednesday. Halfords Group has a 52 week low of GBX 123.80 and a 52 week high of GBX 276.10. The company’s 50 day moving average price is GBX 238.78 and its two-hundred day moving average price is GBX 182.06. The stock has a market cap of £578.04 million, a P/E ratio of 18.28, a P/E/G ratio of 2.80 and a beta of 1.24. 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:HFD) last released its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 180.17 billion during the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. On average, equities analysts predict that Halfords Group will post 9.1143911 earnings per share 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.