Halfords Group (LON:HFD) Trading Up 20.6% – What’s Next?

Shares of Halfords Group plc (LON:HFD) traded up 20.6% on Thursday . The company traded as high as GBX 217 and last traded at GBX 217. Approximately 6,234,435 shares were traded during mid-day trading, an increase of 355% from the average session volume of 1,370,033 shares. The stock had previously closed at GBX 180.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HFD shares. Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and lifted their price objective for the company from GBX 156 to GBX 170 in a research report on Friday, May 1st. Shore Capital Group reissued a “buy” rating and issued a GBX 200 price objective on shares of Halfords Group in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Halfords Group has an average rating of “Buy” and a consensus price target of GBX 185.

Halfords Group Trading Up 20.6%

The company has a debt-to-equity ratio of 50.72, a current ratio of 0.84 and a quick ratio of 0.41. The company has a market capitalization of £472.80 million, a price-to-earnings ratio of -14.09, a P/E/G ratio of 2.80 and a beta of 1.22. The business’s 50-day moving average price is GBX 162.86 and its two-hundred day moving average price is GBX 149.12.

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.