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

Halfords Group plc (LON:HFD)’s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 245 and last traded at GBX 243, with a volume of 250364 shares. The stock had previously closed at GBX 241.

Wall Street Analysts Forecast Growth

HFD has been the subject of a number of research analyst reports. Shore Capital Group reiterated a “buy” rating and issued a GBX 200 target price on shares of Halfords Group in a research note on Thursday, June 25th. Canaccord Genuity Group increased their price target on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Price Performance

The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41. The firm has a market capitalization of £531.62 million, a P/E ratio of 16.71, a PEG ratio of 2.80 and a beta of 1.23. The company’s 50 day moving average price is GBX 207.23 and its 200 day moving average price is GBX 165.74.

Halfords Group (LON:HFD) last posted its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%.The firm had revenue of GBX 180.17 billion for the quarter. As a group, sell-side analysts anticipate that Halfords Group plc will post 9.1143911 EPS for the current fiscal year.

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.