Halfords Group (LON:HFD) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Halfords Group plc (LON:HFD)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 174.58 and traded as high as GBX 238.50. Halfords Group shares last traded at GBX 231, with a volume of 1,106,612 shares changing hands.

Analyst Upgrades and Downgrades

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

Halfords Group Price Performance

The stock has a market capitalization of £504.18 million, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24. The stock’s 50 day moving average is GBX 225.79 and its two-hundred day moving average is GBX 175.17. The company has a debt-to-equity ratio of 48.29, a quick ratio of 0.41 and a current ratio of 0.89.

Halfords Group (LON:HFD) last issued its quarterly earnings results on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%.The firm had revenue of GBX 180.17 billion during the quarter. On average, equities analysts anticipate 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.