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Halfords Group (LON:HFD) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Halfords Group logo with Consumer Cyclical background

Key Points

  • Halfords Group plc's stock price crossed above its 200-day moving average of GBX 145 during trading, indicating potential bullish momentum.
  • Analysts at Canaccord Genuity raised their price target for Halfords Group from GBX 142 to GBX 151, maintaining a "hold" rating.
  • The company reported a quarterly earnings per share (EPS) of GBX 13.80, with a forecasted EPS of 9.11 for the current fiscal year.
  • Want stock alerts on Halfords Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Halfords Group plc (LON:HFD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 145 ($1.94) and traded as high as GBX 145.20 ($1.94). Halfords Group shares last traded at GBX 144.20 ($1.93), with a volume of 961,671 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target 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.

Check Out Our Latest Stock Analysis on Halfords Group

Halfords Group Trading Down 4.5%

The firm's fifty day simple moving average is GBX 157.72 and its 200 day simple moving average is GBX 145. The stock has a market capitalization of £298.83 million, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91.

Halfords Group (LON:HFD - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX 13.80 ($0.18) earnings per share (EPS) for the quarter. Halfords Group had a net margin of 0.85% and a return on equity of 2.61%. As a group, equities research analysts forecast that Halfords Group plc will post 9.1143911 EPS for the current fiscal year.

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.

Further Reading

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