Halfords Group (LON:HFD) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Halfords Group shares surpassed their 200-day moving average during trading, with a last trade at GBX 149.20 ($1.99).
• Canaccord Genuity Group raised their price objective for Halfords Group from GBX 142 ($1.90) to GBX 151 ($2.02) while maintaining a "hold" rating.
• Halfords reported quarterly earnings of GBX 13.80 ($0.18) per share, with forecasts of 9.11 EPS for the current year.

Halfords Group plc (LON:HFD - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 144.33 ($1.91) and traded as high as GBX 152.20 ($2.01). Halfords Group shares last traded at GBX 149.20 ($1.97), with a volume of 291,207 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price target on Halfords Group from GBX 142 ($1.88) to GBX 151 ($1.99) and gave the stock a "hold" rating in a research report on Thursday, April 17th.

Halfords Group Trading Down 0.8%

The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91. The company's 50 day moving average is GBX 159.44 and its 200 day moving average is GBX 144.52. The stock has a market capitalization of £309.49 million, a price-to-earnings ratio of 21.54, a PEG ratio of 2.80 and a beta of 1.62.

Halfords Group (LON:HFD - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported GBX 13.80 ($0.18) EPS for the quarter. Halfords Group had a net margin of 0.85% and a return on equity of 2.61%. On average, research analysts forecast that Halfords Group plc will post 9.1143911 EPS 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.