Halfords Group (LON:HFD) Sets New 12-Month High – Time to Buy?

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 248.50 and last traded at GBX 247.20, with a volume of 490277 shares. The stock had previously closed at GBX 243.76.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HFD shares. Canaccord Genuity Group boosted their price objective on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Shore Capital Group restated a “buy” rating and set a GBX 200 price objective on shares of Halfords Group in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29. The company has a market capitalization of £525.21 million, a PE ratio of 16.61, a PEG ratio of 2.80 and a beta of 1.24. The firm’s 50-day simple moving average is GBX 220.25 and its 200-day simple moving average is GBX 172.10.

Halfords Group (LON:HFD) last issued its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share 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. On average, research analysts predict that Halfords Group plc will post 9.1143911 earnings per share for the current 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.