Canaccord Genuity Group Upgrades Halfords Group (LON:HFD) to Buy

Halfords Group (LON:HFD) was upgraded by equities researchers at Canaccord Genuity Group to a “buy” rating in a note issued to investors on Friday,Digital Look reports. The firm currently has a GBX 170 target price on the stock, up from their previous target price of GBX 156. Canaccord Genuity Group’s target price suggests a potential upside of 13.33% from the company’s current price.

Halfords Group Stock Performance

Shares of LON:HFD opened at GBX 150 on Friday. The company has a market capitalization of £326.82 million, a price-to-earnings ratio of -9.74, a PEG ratio of 2.80 and a beta of 1.15. Halfords Group has a 12 month low of GBX 123.80 and a 12 month high of GBX 177. The firm’s 50-day moving average is GBX 136.75 and its 200 day moving average is GBX 141.45. The company has a current ratio of 0.84, a quick ratio of 0.41 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.