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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HFD shares. Shore Capital Group reiterated 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 boosted their price objective on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 227.50.

Halfords Group Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29. The firm has a market capitalization of £573.94 million, a PE 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.

Halfords Group (LON:HFD) last announced its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 180.17 billion during the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. On average, research analysts anticipate 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.