Halfords Group (LON:HFD) Stock Price Expected to Rise, Shore Capital Group Analyst Says

Halfords Group (LON:HFD) had its price target upped by research analysts at Shore Capital Group from GBX 260 to GBX 320 in a report released on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Shore Capital Group’s price target indicates a potential upside of 19.90% from the company’s current price.

Separately, Canaccord Genuity Group upped their target price on shares of Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 287.50.

Halfords Group Stock Performance

Shares of HFD stock opened at GBX 266.89 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29. The firm has a fifty day simple moving average of GBX 238.78 and a two-hundred day simple moving average of GBX 182.06. Halfords Group has a 12 month low of GBX 123.80 and a 12 month high of GBX 276.10. The firm has a market capitalization of £578.04 million, a PE ratio of 18.28, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24.

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

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.