Halfords Group (LON:HFD) Sets New 52-Week High – Should You Buy?

Halfords Group plc (LON:HFD)’s stock price reached a new 52-week high during trading on Friday. The company traded as high as GBX 275.50 and last traded at GBX 274.50, with a volume of 1,791,295 shares traded. The stock had previously closed at GBX 272.50.

Analyst Ratings Changes

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

Halfords Group Trading Up 0.7%

The company’s 50 day simple moving average is GBX 252.77 and its 200 day simple moving average is GBX 208.45. The firm has a market cap of £594.52 million, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.80 and a beta of 1.25. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41.

About Halfords Group

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.