Halfords Group (LON:HFD) Reaches New 1-Year High – Time to Buy?

Halfords Group plc (LON:HFD) shares reached a new 52-week high during mid-day trading on Friday. The stock traded as high as GBX 275.50 and last traded at GBX 274.50, with a volume of 1,791,295 shares trading hands. The stock had previously closed at GBX 272.50.

Analyst Ratings Changes

A number of research analysts have weighed in on HFD shares. Shore Capital Group lifted their price objective on shares of Halfords Group from GBX 260 to GBX 320 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Canaccord Genuity Group increased their target price on shares of Halfords Group from GBX 255 to GBX 285 and gave the stock a “buy” rating in a research note on Friday, September 4th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Halfords Group has a consensus rating of “Buy” and a consensus price target of GBX 302.50.

Halfords Group Trading Up 0.7%

The stock has a market capitalization of £594.52 million, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.80 and a beta of 1.25. The company has a 50 day moving average of GBX 252.77 and a 200 day moving average of GBX 208.45. The company has a debt-to-equity ratio of 48.29, a quick ratio of 0.41 and a current ratio of 0.89.

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.