Halfords Group (LON:HFD) Trading 10.6% Higher – Here’s Why

Halfords Group plc (LON:HFD)’s share price 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 were traded during 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).

Wall Street Analysts Forecast Growth

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

Halfords Group Trading Up 1.8 %

The business’s 50-day simple moving average is GBX 127.44 and its two-hundred day simple 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 company has a market capitalization of £307.97 million, a PE ratio of 21.43, a PEG ratio of 2.80 and a beta of 1.62.

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.