Halfords Group (LON:HFD) Trading Up 10.6% – Here’s Why

Halfords Group plc (LON:HFD) shares traded up 10.6% during mid-day trading on Tuesday . The stock traded as high as GBX 142.50 ($1.89) and last traded at GBX 137.41 ($1.82). 3,111,963 shares traded hands during trading, an increase of 135% from the average session volume of 1,322,360 shares. The stock had previously closed at GBX 124.20 ($1.64).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on shares of Halfords Group from GBX 142 ($1.88) to GBX 151 ($2.00) and gave the stock a “hold” rating in a report on Thursday.

Halfords Group Stock Up 1.8 %

The company has a market cap of £307.97 million, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The stock has a 50-day simple moving average of GBX 127.44 and a 200-day simple moving average of GBX 136.98. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34.

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.