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Halfords Group (LON:HFD) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Halfords Group logo with Consumer Cyclical background

Shares of Halfords Group plc (LON:HFD - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 137.51 ($1.84) and traded as high as GBX 166.03 ($2.22). Halfords Group shares last traded at GBX 165.80 ($2.22), with a volume of 567,271 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their target price on Halfords Group from GBX 142 ($1.90) to GBX 151 ($2.02) and gave the stock a "hold" rating in a research report on Thursday, April 17th.

Read Our Latest Stock Analysis on Halfords Group

Halfords Group Trading Up 0.6%

The company has a quick ratio of 0.41, a current ratio of 0.91 and a debt-to-equity ratio of 59.34. The firm has a market cap of £362.01 million, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The firm's 50-day simple moving average is GBX 139.33 and its 200 day simple moving average is GBX 137.51.

Halfords Group Company Profile

(Get Free Report)

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.

Further Reading

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