Halfords Group (LON:HFD) Reaches New 12-Month High – Here’s Why

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 179 and last traded at GBX 174, with a volume of 1613649 shares. The stock had previously closed at GBX 174.20.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised Halfords Group to a “buy” rating and increased their price target for the stock from GBX 156 to GBX 170 in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Halfords Group presently has an average rating of “Buy” and an average price target of GBX 170.

Halfords Group Stock Up 1.0%

The firm has a market cap of £388.69 million, a price-to-earnings ratio of -11.58, a P/E/G ratio of 2.80 and a beta of 1.19. The company has a debt-to-equity ratio of 50.72, a current ratio of 0.84 and a quick ratio of 0.41. The stock has a 50-day moving average of GBX 147.45 and a 200-day moving average of GBX 144.51.

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.