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

Halfords Group plc (LON:HFD - Get Free Report) rose 10.6% during mid-day trading on Wednesday . The stock traded as high as GBX 142.50 ($1.90) and last traded at GBX 137.41 ($1.83). Approximately 3,111,963 shares changed hands during mid-day 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 Analysts Forecast Growth

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

Halfords Group Trading Up 1.8 %

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 has a market cap 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. The company's fifty day moving average is GBX 127.39 and its two-hundred day moving average is GBX 136.87.

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.