Halfords Group (LON:HFD) Price Target Raised to GBX 285

Halfords Group (LON:HFD) had its price objective boosted by Canaccord Genuity Group from GBX 255 to GBX 285 in a report released on Friday,Digital Look reports. They currently have a buy rating on the stock.

Separately, Shore Capital Group increased their target price on Halfords Group from GBX 260 to GBX 320 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 302.50.

Halfords Group Stock Performance

HFD opened at GBX 263.52 on Friday. 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 has a 12-month low of GBX 123.80 and a 12-month high of GBX 276.10. The stock’s 50 day moving average price is GBX 242.19 and its two-hundred day moving average price is GBX 184.40. The firm has a market capitalization of £570.74 million, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24.

Halfords Group (LON:HFD) last posted its earnings results on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. The business had revenue of GBX 180.17 billion for the quarter. On average, equities analysts forecast that Halfords Group will post 9.1143911 earnings per share for the current year.

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.