Canaccord Genuity Group Increases Halfords Group (LON:HFD) Price Target to GBX 255

Halfords Group (LON:HFD) had its target price hoisted by equities research analysts at Canaccord Genuity Group from GBX 170 to GBX 255 in a research note issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 9.32% from the company’s previous close.

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 200 price objective on shares of Halfords Group in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 227.50.

Halfords Group Trading Up 2.5%

LON:HFD opened at GBX 233.26 on Tuesday. Halfords Group has a 52 week low of GBX 123.80 and a 52 week high of GBX 235. The firm has a 50-day moving average price of GBX 167.99 and a two-hundred day moving average price of GBX 150.66. The company has a debt-to-equity ratio of 48.29, a quick ratio of 0.41 and a current ratio of 0.89. The firm has a market cap of £508.22 million, a price-to-earnings ratio of -15.15, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22.

Halfords Group (LON:HFD) last announced its earnings results on Friday, June 26th. The company reported GBX 15.20 earnings per share for the quarter. The firm had revenue of GBX 180.17 billion for the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. On average, equities analysts expect that Halfords Group will post 9.1143911 earnings per share for the current fiscal year.

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.