Halfords Group (LON:HFD) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Halfords Group plc (LON:HFD) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 142.80 ($1.94) and traded as high as GBX 151.80 ($2.06). Halfords Group shares last traded at GBX 150 ($2.04), with a volume of 272,898 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price objective on shares of Halfords Group from GBX 142 ($1.93) to GBX 151 ($2.05) and gave the company a “hold” rating in a research report on Thursday, April 17th.

Halfords Group Trading Down 0.9%

The company has a 50 day simple moving average of GBX 164.05 and a two-hundred day simple moving average of GBX 142.80. The firm has a market cap of £322.49 million, a PE ratio of 22.44, a P/E/G ratio of 2.80 and a beta of 1.62. The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91.

Halfords Group (LON:HFD) last issued its quarterly earnings results on Wednesday, June 25th. The company reported GBX 13.80 ($0.19) earnings per share (EPS) for the quarter. Halfords Group had a return on equity of 2.61% and a net margin of 0.85%. Analysts expect that Halfords Group plc will post 9.1143911 EPS for the current fiscal 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.