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

Halfords Group plc (LON:HFD)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 241 and last traded at GBX 240.50, with a volume of 627000 shares traded. The stock had previously closed at GBX 239.

Wall Street Analysts Forecast Growth

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

Halfords Group Trading Down 1.0%

The company’s fifty day moving average is GBX 179.79 and its 200-day moving average is GBX 154.62. 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 firm has a market capitalization of £518.55 million, a P/E ratio of 16.30, a P/E/G ratio of 2.80 and a beta of 1.23.

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