Halfords Group (LON:HFD) Hits New 1-Year High – Still a Buy?

Shares of Halfords Group plc (LON:HFD) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 241 and last traded at GBX 240.50, with a volume of 627000 shares. The stock had previously closed at GBX 239.

Wall Street Analyst Weigh In

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

Halfords Group Stock Performance

The company has a 50 day moving average of GBX 183.94 and a two-hundred day moving average of GBX 155.97. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41. The company has a market capitalization of £513.10 million, a PE ratio of 16.13, a PEG ratio of 2.80 and a beta of 1.23.

Halfords Group (LON:HFD) last announced its quarterly earnings data 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 business had revenue of GBX 180.17 billion during the quarter. As a group, equities research analysts predict 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.