Halfords Group (LON:HFD) Shares Cross Above 200 Day Moving Average – Time to Sell?

Halfords Group plc (LON:HFD)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 213.66 and traded as high as GBX 264.50. Halfords Group shares last traded at GBX 263, with a volume of 12,334,441 shares trading hands.

Analysts Set New Price Targets

HFD has been the topic of several research reports. Canaccord Genuity Group upped their price target on shares of Halfords Group from GBX 255 to GBX 285 and gave the company a “buy” rating in a research note on Friday, September 4th. Shore Capital Group lifted their price objective on shares of Halfords Group from GBX 260 to GBX 320 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Halfords Group currently has a consensus rating of “Buy” and an average price target of GBX 302.50.

Halfords Group Trading Up 2.9%

The firm has a market capitalization of £569.61 million, a P/E ratio of 18.01, a PEG ratio of 2.80 and a beta of 1.25. The company has a quick ratio of 0.41, a current ratio of 0.89 and a debt-to-equity ratio of 48.29. The firm has a 50 day moving average of GBX 256.03 and a 200-day moving average of GBX 213.66.

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.