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

Halfords Group plc (LON:HFD)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 179 and last traded at GBX 174, with a volume of 1613649 shares. The stock had previously closed at GBX 174.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and raised their target price for the stock from GBX 156 to GBX 170 in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 170.

Halfords Group Price Performance

The company’s fifty day moving average is GBX 145.52 and its 200 day moving average is GBX 143.99. The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 50.72. The stock has a market cap of £379.11 million, a PE ratio of -11.30, a price-to-earnings-growth ratio of 2.80 and a beta of 1.19.

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.