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

Halfords Group plc (LON:HFD) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 239.50 and last traded at GBX 234.22, with a volume of 878698 shares trading hands. The stock had previously closed at GBX 230.50.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price objective on Halfords Group from GBX 170 to GBX 255 and gave the company a “buy” rating in a research note on Tuesday. Shore Capital Group reiterated a “buy” rating and set a GBX 200 target price on shares of Halfords Group in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 227.50.

Halfords Group Price Performance

The company’s 50-day moving average price is GBX 171.76 and its two-hundred day moving average price is GBX 151.90. The company has a market cap of £510.92 million, a P/E ratio of -15.23, a P/E/G ratio of 2.80 and a beta of 1.22. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29.

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