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Halfords Group (LON:HFD) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Halfords Group logo with Consumer Cyclical background
Image from MarketBeat Media, LLC.

Key Points

  • Halfords Group shares rose above their 200-day moving average, trading as high as GBX 157.60 and last changing hands at GBX 157.40, up about 0.6% on the day.
  • Canaccord Genuity upgraded the stock to “buy” and raised its price target from GBX 156 to GBX 170, matching the broader consensus target price.
  • The company’s recent trading metrics show a market cap of about £342.94 million, but also notable leverage, with a debt-to-equity ratio of 50.72 and weak liquidity ratios.
  • MarketBeat previews top five stocks to own in July.

Halfords Group plc (LON:HFD - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 141.70 and traded as high as GBX 157.60. Halfords Group shares last traded at GBX 157.40, with a volume of 651,498 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Halfords Group to a "buy" rating and boosted their target price for the stock from GBX 156 to GBX 170 in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 170.

Get Our Latest Stock Report on Halfords Group

Halfords Group Trading Up 0.6%

The company has a debt-to-equity ratio of 50.72, a quick ratio of 0.41 and a current ratio of 0.84. The company has a 50-day simple moving average of GBX 137.04 and a 200 day simple moving average of GBX 141.70. The company has a market capitalization of £342.94 million, a P/E ratio of -10.22, a P/E/G ratio of 2.80 and a beta of 1.15.

About Halfords Group

(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.

See Also

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