Halfords Group (LON:HFD) Share Price Crosses Above 200 Day Moving Average – Here’s Why

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 162.97 and traded as high as GBX 240.50. Halfords Group shares last traded at GBX 235.72, with a volume of 2,921,317 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HFD shares. Canaccord Genuity Group boosted their price target on Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Shore Capital Group restated a “buy” rating and set a GBX 200 price target on shares of Halfords Group in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 227.50.

Halfords Group Stock Performance

The company’s 50-day simple moving average is GBX 201.12 and its 200 day simple moving average is GBX 162.97. The company has a current ratio of 0.89, a quick ratio of 0.41 and a debt-to-equity ratio of 48.29. The stock has a market cap of £513.58 million, a P/E ratio of 16.15, a PEG ratio of 2.80 and a beta of 1.23.

Halfords Group (LON:HFD) last announced its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The firm had revenue of GBX 180.17 billion during the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. As a group, sell-side analysts expect that Halfords Group plc will post 9.1143911 EPS for the current fiscal year.

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.