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

Halfords Group plc (LON:HFD) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 186.80 and last traded at GBX 185.08, with a volume of 2970279 shares changing hands. The stock had previously closed at GBX 183.

Wall Street Analysts Forecast Growth

HFD has been the subject of several research analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Halfords Group in a research note on Tuesday. Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and lifted their price target for the company from GBX 156 to GBX 170 in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 170.

Halfords Group Trading Up 1.1%

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 firm’s 50-day moving average price is GBX 151.52 and its 200 day moving average price is GBX 145.71. The company has a market capitalization of £403.25 million, a P/E ratio of -12.02, a P/E/G ratio of 2.80 and a beta of 1.22.

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.