Halfords Group (LON:HFD) Reaches New 1-Year High – Should You Buy?

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 186.80 and last traded at GBX 185.08, with a volume of 2970279 shares. The stock had previously closed at GBX 183.

Analyst Ratings Changes

A number of equities analysts have recently commented on HFD shares. Canaccord Genuity Group upgraded shares of Halfords Group to a “buy” rating and lifted their price target for the stock from GBX 156 to GBX 170 in a report on Friday, May 1st. Shore Capital Group reiterated a “buy” rating on shares of Halfords Group in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 170.

Halfords Group Trading Up 1.1%

The firm has a market cap of £403.25 million, a price-to-earnings ratio of -12.02, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22. The company has a debt-to-equity ratio of 50.72, a current ratio of 0.84 and a quick ratio of 0.41. The firm’s fifty day moving average is GBX 151.52 and its 200-day moving average is GBX 145.71.

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.