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

Shares of Halfords Group plc (LON:HFD) 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 trading hands.

Analyst Ratings Changes

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

Halfords Group Stock Performance

The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41. The stock’s 50 day simple moving average is GBX 217.58 and its two-hundred day simple moving average is GBX 170.48. The stock has a market cap of £527.95 million, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23.

Halfords Group (LON:HFD) last issued its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. The company had revenue of GBX 180.17 billion during the quarter. As a group, research analysts forecast that Halfords Group plc will post 9.1143911 EPS 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.