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

Shares of Halfords Group plc (LON:HFD) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 242.50 and last traded at GBX 241.99, with a volume of 609187 shares changing hands. The stock had previously closed at GBX 239.50.

Analysts Set New Price Targets

Several research analysts recently commented on HFD shares. Canaccord Genuity Group boosted their target price on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 200 price target on shares of Halfords Group in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Halfords Group presently has a consensus rating of “Buy” and an average target price of GBX 227.50.

Halfords Group Price Performance

The firm has a market capitalization of £531.62 million, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23. The stock’s fifty day moving average price is GBX 191.16 and its two-hundred day moving average price is GBX 158.71. 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 posted its earnings results on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%.The firm had revenue of GBX 180.17 billion for the quarter. Equities research analysts expect that Halfords Group plc will post 9.1143911 EPS 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.