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Halfords Group (LON:HFD) Trading Up 13.4% - Time to Buy?

Halfords Group logo with Consumer Cyclical background

Halfords Group plc (LON:HFD - Get Free Report)'s stock price was up 13.4% on Tuesday . The company traded as high as GBX 141.80 ($1.89) and last traded at GBX 140.86 ($1.87). Approximately 5,248,006 shares traded hands during mid-day trading, an increase of 288% from the average daily volume of 1,351,225 shares. The stock had previously closed at GBX 124.20 ($1.65).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted 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 report on Thursday.

Read Our Latest Stock Analysis on HFD

Halfords Group Price Performance

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 firm has a market capitalization of £307.97 million, a P/E ratio of 21.43, a PEG ratio of 2.80 and a beta of 1.62. The company's 50 day moving average price is GBX 127.39 and its 200 day moving average price is GBX 137.05.

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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