Halfords Group (LON:HFD) Shares Up 10.6% – Still a Buy?

Shares of Halfords Group plc (LON:HFD) were up 10.6% during mid-day trading on Tuesday . The company traded as high as GBX 142.50 ($1.89) and last traded at GBX 137.41 ($1.82). Approximately 3,111,963 shares changed hands during trading, an increase of 135% from the average daily volume of 1,322,360 shares. The stock had previously closed at GBX 124.20 ($1.64).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on Halfords Group from GBX 142 ($1.88) to GBX 151 ($2.00) and gave the stock a “hold” rating in a research note on Thursday.

Halfords Group Price Performance

The stock has a fifty day moving average of GBX 127.44 and a 200 day moving average of GBX 136.98. The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The stock has a market cap of £307.97 million, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.80 and a beta of 1.62.

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.