Canaccord Genuity Group Increases Halfords Group (LON:HFD) Price Target to GBX 285

Halfords Group (LON:HFD) had its price target raised by stock analysts at Canaccord Genuity Group from GBX 255 to GBX 285 in a note issued to investors on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 7.95% from the company’s current price.

Separately, Shore Capital Group raised their price objective on shares of Halfords Group from GBX 260 to GBX 320 and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 302.50.

Halfords Group Stock Up 1.0%

Shares of HFD traded up GBX 2.50 during mid-day trading on Friday, reaching GBX 264. The company’s stock had a trading volume of 191,011 shares, compared to its average volume of 1,922,146. The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41. Halfords Group has a 12-month low of GBX 123.80 and a 12-month high of GBX 276.10. The stock has a market cap of £571.78 million, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24. The company’s 50 day moving average is GBX 241.29 and its 200 day moving average is GBX 183.60.

Halfords Group (LON:HFD) last posted 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 return on equity of 6.52% and a net margin of 1.83%. Equities analysts anticipate that Halfords Group 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.