Halfords Group (LON:HFD) Trading Up 20.6% – Here’s What Happened

Halfords Group plc (LON:HFD – Get Free Report)’s share price shot up 20.6% during trading on Thursday . The stock traded as high as GBX 217 and last traded at GBX 217. 6,234,435 shares traded hands during trading, an increase of 355% from the average daily volume of 1,370,033 shares. The stock had previously closed at GBX 180.

Analyst Ratings Changes

A number of analysts recently weighed in on HFD shares. Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and increased their price objective for the stock from GBX 156 to GBX 170 in a report on Friday, May 1st. Shore Capital Group reissued a “buy” rating and set a GBX 200 target price on shares of Halfords Group in a research note on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 185.

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Read Our Latest Analysis on Halfords Group

Halfords Group Trading Up 0.7%

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 capitalization of £476.06 million, a price-to-earnings ratio of -14.19, a PEG ratio of 2.80 and a beta of 1.22. The firm has a 50-day moving average of GBX 166.17 and a 200 day moving average of GBX 150.09.

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

About Halfords Group

(Get Free Report)

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.

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