Halfords Group (LON:HFD) Sets New 1-Year High – Still a Buy?

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 274.50 and last traded at GBX 268.89, with a volume of 17246148 shares. The stock had previously closed at GBX 241.

Analysts Set New Price Targets

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

Halfords Group Price Performance

The stock’s 50-day moving average is GBX 235.10 and its 200 day moving average is GBX 180.20. 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 company has a market cap of £592.35 million, a PE ratio of 18.73, a PEG ratio of 2.80 and a beta of 1.24.

Halfords Group (LON:HFD) last released its quarterly earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Halfords Group had a net margin of 1.83% and a return on equity of 6.52%. The business had revenue of GBX 180.17 billion for the quarter. On average, equities analysts anticipate that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

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.