Halfords Group (LON:HFD) Sets New 1-Year High – Still a Buy?

Halfords Group plc (LON:HFD) hit a new 52-week high on Wednesday . The company traded as high as GBX 186.80 and last traded at GBX 185.08, with a volume of 2970279 shares changing hands. The stock had previously closed at GBX 183.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HFD. Canaccord Genuity Group upgraded Halfords Group to a “buy” rating and lifted their price objective for the stock from GBX 156 to GBX 170 in a research report on Friday, May 1st. Shore Capital Group reiterated a “buy” rating on shares of Halfords Group in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 170.

Halfords Group Stock Up 2.9%

The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 50.72. The company has a market capitalization of £420.71 million, a P/E ratio of -12.54, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22. The company has a 50-day moving average of GBX 153.84 and a two-hundred day moving average of GBX 146.41.

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.