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

Halfords Group plc (LON:HFD) shares traded 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). 3,111,963 shares traded 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).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target 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 Stock Up 1.8 %

The business has a 50-day moving average of GBX 127.44 and a 200-day moving average of GBX 136.98. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91.

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.