Halfords Group (LON:HFD) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Halfords Group plc (LON:HFD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 178.10 and traded as high as GBX 238.50. Halfords Group shares last traded at GBX 238, with a volume of 24,034,766 shares.

Analyst Upgrades and Downgrades

HFD has been the topic of several analyst reports. Shore Capital Group restated a “buy” rating and set a GBX 200 price target on shares of Halfords Group in a research report on Thursday, June 25th. Canaccord Genuity Group upped their price objective on shares of Halfords Group from GBX 170 to GBX 255 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 227.50.

Halfords Group Stock Performance

The company has a debt-to-equity ratio of 48.29, a current ratio of 0.89 and a quick ratio of 0.41. The firm has a fifty day simple moving average of GBX 231.58 and a 200 day simple moving average of GBX 178.73. The company has a market capitalization of £578.27 million, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24.

Halfords Group (LON:HFD) last posted its quarterly earnings data on Friday, June 26th. The company reported GBX 15.20 EPS for the quarter. The business had revenue of GBX 180.17 billion during the quarter. Halfords Group had a return on equity of 6.52% and a net margin of 1.83%. On average, analysts anticipate that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

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.