Halfords Group (LON:HFD) Sets New 12-Month High – What’s Next?

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 245 and last traded at GBX 243, with a volume of 250364 shares traded. The stock had previously closed at GBX 241.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HFD. Shore Capital Group restated 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 lifted their price target on shares of Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Halfords Group presently has an average rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Price Performance

The stock has a market cap of £531.62 million, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23. The company has a quick ratio of 0.41, a current ratio of 0.89 and a debt-to-equity ratio of 48.29. The company’s 50-day moving average is GBX 207.23 and its 200-day moving average is GBX 165.74.

Halfords Group (LON:HFD) last released its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 earnings per share for the quarter. The company had revenue of GBX 180.17 billion for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. Equities research analysts expect 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.