Halfords Group (LON:HFD) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Halfords Group plc (LON:HFD) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 147.75 and traded as high as GBX 186.60. Halfords Group shares last traded at GBX 184.16, with a volume of 345,395 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group upgraded Halfords Group to a “buy” rating and lifted their price target for the company from GBX 156 to GBX 170 in a research note on Friday, May 1st. Shore Capital Group reiterated a “buy” rating on shares of Halfords Group in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 170.

Halfords Group Stock Performance

The business’s 50 day simple moving average is GBX 158.27 and its two-hundred day simple moving average is GBX 147.75. The stock has a market cap of £401.23 million, a P/E ratio of -11.96, a PEG ratio of 2.80 and a beta of 1.22. The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 50.72.

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.