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Halfords Group (LON:HFD) Shares Cross Above Two Hundred Day Moving Average - Here's Why

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.
  • Looking to export and analyze Halfords Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Halfords Group plc (LON:HFD - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 145 ($1.95) and traded as high as GBX 145.20 ($1.95). Halfords Group shares last traded at GBX 144.20 ($1.94), with a volume of 961,671 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price objective on shares of Halfords Group from GBX 142 ($1.91) to GBX 151 ($2.03) and gave the stock a "hold" rating in a research note on Thursday, April 17th.

View Our Latest Report on Halfords Group

Halfords Group Trading Down 1.7%

The stock has a market cap of £296.53 million, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The firm's 50 day moving average is GBX 156.56 and its two-hundred day moving average is GBX 145.43. The company has a quick ratio of 0.41, a current ratio of 0.91 and a debt-to-equity ratio of 59.34.

Halfords Group (LON:HFD - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The company reported GBX 13.80 ($0.19) earnings per share for the quarter. Halfords Group had a net margin of 0.85% and a return on equity of 2.61%. Equities analysts anticipate that Halfords Group plc will post 9.1143911 EPS for the current year.

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.

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