Halfords Group (LON:HFD) Stock Passes Above 200 Day Moving Average – Should You Sell?

Halfords Group plc (LON:HFD)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 162.97 and traded as high as GBX 240.50. Halfords Group shares last traded at GBX 235.72, with a volume of 2,921,317 shares traded.

Wall Street Analysts Forecast Growth

HFD has been the subject of several recent analyst reports. Shore Capital Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Halfords Group in a research note on Thursday, June 25th. Canaccord Genuity Group increased their target price on Halfords Group from GBX 170 to GBX 255 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Halfords Group presently has a consensus rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Stock Up 1.6%

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 stock has a market capitalization of £513.58 million, a PE ratio of 16.15, a PEG ratio of 2.80 and a beta of 1.23. The company has a 50 day moving average price of GBX 201.12 and a 200-day moving average price of GBX 162.97.

Halfords Group (LON:HFD) last announced its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts forecast that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

Halfords Group Company Profile

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.