Halfords Group (LON:HFD) Shares Up 20.6% – Should You Buy?

Halfords Group plc (LON:HFD) shares rose 20.6% on Thursday . The company traded as high as GBX 217 and last traded at GBX 217. 6,234,435 shares were traded during trading, an increase of 355% from the average daily volume of 1,370,033 shares. The stock had previously closed at GBX 180.

Analyst Ratings Changes

A number of research firms have issued reports on HFD. Shore Capital Group reissued a “buy” rating and issued a GBX 200 target price on shares of Halfords Group in a research note on Thursday. Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and lifted their price target for the company from GBX 156 to GBX 170 in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 185.

Halfords Group Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.41 and a debt-to-equity ratio of 50.72. The company has a 50 day simple moving average of GBX 162.86 and a 200 day simple moving average of GBX 149.12. The stock has a market cap of £472.80 million, a P/E ratio of -14.09, a PEG ratio of 2.80 and a beta of 1.22.

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.