Halfords Group (LON:HFD) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Halfords Group plc (LON:HFD)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 142.25 and traded as high as GBX 162. Halfords Group shares last traded at GBX 159.40, with a volume of 3,895,423 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised Halfords Group to a “buy” rating and upped their price target for the company from GBX 156 to GBX 170 in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 170.

Halfords Group Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.41 and a debt-to-equity ratio of 50.72. The company has a market capitalization of £347.30 million, a P/E ratio of -10.35, a PEG ratio of 2.80 and a beta of 1.19. The business has a 50 day moving average price of GBX 139.06 and a 200 day moving average price of GBX 142.25.

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.