Halfords Group (LON:HFD) Stock Price Up 10.6% - Still a Buy?

Halfords Group plc (LON:HFD - Get Free Report)'s stock price was up 10.6% during trading on Tuesday . The company traded as high as GBX 142.50 ($1.89) and last traded at GBX 137.41 ($1.83). Approximately 3,111,963 shares were traded during trading, an increase of 135% from the average daily volume of 1,322,360 shares. The stock had previously closed at GBX 124.20 ($1.65).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on Halfords Group from GBX 142 ($1.89) to GBX 151 ($2.01) and gave the stock a "hold" rating in a research report on Thursday.

Halfords Group Stock Up 1.8 %

The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The business has a fifty day simple moving average of GBX 127.39 and a 200 day simple moving average of GBX 137.05. The firm has a market cap of £307.97 million, a price-to-earnings ratio of 21.43, a PEG ratio of 2.80 and a beta of 1.62.

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.