Halfords Group (LON:HFD) Upgraded by Canaccord Genuity Group to Buy Rating

Canaccord Genuity Group upgraded shares of Halfords Group (LON:HFD) to a buy rating in a research note issued to investors on Friday morning,Digital Look reports. They currently have GBX 170 target price on the stock, up from their prior target price of GBX 156.

Halfords Group Trading Up 2.4%

HFD stock traded up GBX 3.50 during midday trading on Friday, hitting GBX 149.10. 16,327,616 shares of the company’s stock were exchanged, compared to its average volume of 977,929. The stock’s fifty day moving average price is GBX 136.75 and its 200-day moving average price is GBX 141.45. The company has a debt-to-equity ratio of 50.72, a quick ratio of 0.41 and a current ratio of 0.84. The company has a market cap of £324.86 million, a PE ratio of -9.68, a price-to-earnings-growth ratio of 2.80 and a beta of 1.15. Halfords Group has a one year low of GBX 123.80 and a one year high of GBX 177.

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.