Halfords Group (LON:HFD) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Halfords Group plc (LON:HFD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 162.97 and traded as high as GBX 240.50. Halfords Group shares last traded at GBX 235.72, with a volume of 2,921,317 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on HFD. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Halfords Group in a research note on Thursday, June 25th. Canaccord Genuity Group upped their price objective on shares of Halfords Group from GBX 170 to GBX 255 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Price Performance

The stock has a market cap of £515.89 million, a PE ratio of 16.22, a P/E/G ratio of 2.80 and a beta of 1.23. The business has a fifty day simple moving average of GBX 202.63 and a two-hundred day simple moving average of GBX 163.49. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29.

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