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Halfords Group (LON:HFD) Trading 10.6% Higher - Here's Why

Halfords Group logo with Consumer Cyclical background

Halfords Group plc (LON:HFD - Get Free Report)'s share price was up 10.6% during trading on Wednesday . 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 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).

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Halfords Group

Halfords Group Trading Up 1.8 %

The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34. The company has a fifty day moving average price of GBX 127.39 and a two-hundred day moving average price of GBX 136.95. The firm has a market capitalization 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

(Get Free Report)

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.

Further Reading

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