Halfords Group (LON:HFD) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Halfords Group plc (LON:HFD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 141.70 and traded as high as GBX 157.60. Halfords Group shares last traded at GBX 157.40, with a volume of 651,498 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded Halfords Group to a “buy” rating and boosted their price objective for the company from GBX 156 to GBX 170 in a research report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 170.

Halfords Group Trading Up 0.6%

The firm has a market capitalization of £342.94 million, a P/E ratio of -10.22, a PEG ratio of 2.80 and a beta of 1.15. 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 business has a 50-day moving average price of GBX 137.04 and a 200-day moving average price of GBX 141.70.

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.