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

Halfords Group plc (LON:HFD) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 239.50 and last traded at GBX 234.22, with a volume of 878698 shares changing hands. The stock had previously closed at GBX 230.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Shore Capital Group reissued a “buy” rating and issued a GBX 200 price objective on shares of Halfords Group in a research report on Thursday, June 25th. Canaccord Genuity Group increased their price target on Halfords Group from GBX 170 to GBX 255 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Trading Down 1.1%

The firm has a market capitalization of £510.92 million, a price-to-earnings ratio of -15.23, a PEG ratio of 2.80 and a beta of 1.22. The business’s 50-day moving average price is GBX 171.76 and its 200 day moving average price is GBX 151.90. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41.

Halfords Group (LON:HFD) last released its quarterly earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share 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 during the quarter. On average, equities 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.