Halfords Group (LON:HFD) Shares Up 10.6% – Time to Buy?

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

Analyst Ratings Changes

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

Halfords Group Trading Up 1.8 %

The company’s fifty day moving average is GBX 127.44 and its 200-day moving average is GBX 136.98. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34. The firm has a market capitalization of £307.97 million, a P/E 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.