Halfords Group (LON:HFD) Stock Crosses Above 200-Day Moving Average – Here’s Why

Halfords Group plc (LON:HFD) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 198.43 and traded as high as GBX 270.50. Halfords Group shares last traded at GBX 266.96, with a volume of 15,217,446 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HFD shares. Canaccord Genuity Group upped their price target on shares of Halfords Group from GBX 255 to GBX 285 and gave the stock a “buy” rating in a research report on Friday, September 4th. Shore Capital Group lifted their target price on shares of Halfords Group from GBX 260 to GBX 320 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Halfords Group presently has a consensus rating of “Buy” and a consensus price target of GBX 302.50.

Halfords Group Price Performance

The firm has a 50 day moving average of GBX 248.95 and a 200-day moving average of GBX 199.32. The company has a market cap of £558.78 million, a P/E ratio of 17.67, a P/E/G ratio of 2.80 and a beta of 1.25. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29.

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.