Halfords Group (LON:HFD) Trading Up 10.6% - Time to Buy?

Halfords Group plc (LON:HFD - Get Free Report)'s share price rose 10.6% during trading on Wednesday . The stock traded as high as GBX 142.50 ($1.89) and last traded at GBX 137.41 ($1.83). Approximately 3,111,963 shares traded hands 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).

Analysts Set New Price Targets

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

Halfords Group Trading Up 1.8 %

The stock has a market cap of £307.97 million, a P/E ratio of 21.43, a PEG ratio of 2.80 and a beta of 1.62. The firm's 50-day simple moving average is GBX 127.39 and its 200 day simple moving average is GBX 137.05. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34.

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.