Halfords Group (LON:HFD) Trading Up 10.6% - Here's What Happened

Shares of Halfords Group plc (LON:HFD - Get Free Report) rose 10.6% during mid-day trading on Tuesday . The company traded as high as GBX 142.50 ($1.90) and last traded at GBX 137.41 ($1.83). Approximately 3,111,963 shares traded hands during trading, an increase of 135% from the average daily volume of 1,322,360 shares. The stock had previously closed at GBX 124.20 ($1.65).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price objective on Halfords Group from GBX 142 ($1.89) to GBX 151 ($2.01) and gave the stock a "hold" rating in a research report on Thursday.

Halfords Group Stock Up 1.8 %

The stock's fifty day moving average price is GBX 127.39 and its 200-day moving average price is GBX 136.87. 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 company has a market capitalization of £307.97 million, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.80 and a beta of 1.62.

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.