Halfords Group (LON:HFD) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Halfords Group plc (LON:HFD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 169.97 and traded as high as GBX 247. Halfords Group shares last traded at GBX 243.81, with a volume of 1,143,457 shares changing hands.

Analyst Ratings Changes

Several brokerages have issued reports on HFD. Shore Capital Group reaffirmed 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 boosted their price objective 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 227.50.

Halfords Group Stock Performance

The company has a market cap of £526.18 million, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23. The business has a 50 day moving average price of GBX 216.18 and a two-hundred day moving average price of GBX 169.97. The company has a debt-to-equity ratio of 48.29, a quick ratio of 0.41 and a current ratio of 0.89.

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