Halfords Group (LON:HFD) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Halfords Group plc (LON:HFD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 147.75 and traded as high as GBX 186.60. Halfords Group shares last traded at GBX 184.16, with a volume of 345,395 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on HFD. Canaccord Genuity Group upgraded Halfords Group to a “buy” rating and upped their price target for the company from GBX 156 to GBX 170 in a research report on Friday, May 1st. Shore Capital Group reiterated a “buy” rating on shares of Halfords Group in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 170.

Halfords Group Price Performance

The stock has a market cap of £391.74 million, a PE ratio of -11.68, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22. The stock’s fifty day moving average is GBX 159.36 and its 200-day moving average is GBX 148.06. The company has a debt-to-equity ratio of 50.72, a current ratio of 0.84 and a quick ratio of 0.41.

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.