Halfords Group (LON:HFD) Shares Cross Above 200 Day Moving Average – What’s Next?

Halfords Group plc (LON:HFD) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 203.73 and traded as high as GBX 260.50. Halfords Group shares last traded at GBX 258.50, with a volume of 498,182 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Shore Capital Group lifted their target price on shares of Halfords Group from GBX 260 to GBX 320 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Canaccord Genuity Group increased their price target on Halfords Group from GBX 255 to GBX 285 and gave the stock a “buy” rating in a research note on Friday, September 4th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 302.50.

Halfords Group Stock Up 2.1%

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 company has a 50 day simple moving average of GBX 251.20 and a two-hundred day simple moving average of GBX 204.15. The firm has a market capitalization of £571.45 million, a P/E ratio of 18.07, a P/E/G ratio of 2.80 and a beta of 1.25.

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.