Halfords Group (LON:HFD) Sets New 1-Year High – What’s Next?

Shares of Halfords Group plc (LON:HFD) reached a new 52-week high on Thursday . The stock traded as high as GBX 274.50 and last traded at GBX 268.89, with a volume of 17246148 shares trading hands. The stock had previously closed at GBX 241.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HFD. Shore Capital Group restated a “buy” rating and issued a GBX 200 price target on shares of Halfords Group in a research report on Thursday, June 25th. Canaccord Genuity Group increased their price objective on shares of Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Stock Up 10.0%

The firm has a market capitalization of £573.94 million, a P/E ratio of 18.15, a PEG ratio of 2.80 and a beta of 1.24. The firm’s fifty day moving average price is GBX 231.58 and its 200-day moving average price is GBX 178.73. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41.

Halfords Group (LON:HFD) last issued its quarterly 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 firm had revenue of GBX 180.17 billion for the quarter. As a group, equities research analysts forecast 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.