Halfords Group (LON:HFD) Shares Up 13.4% - Should You Buy?

Halfords Group plc (LON:HFD - Get Free Report)'s share price rose 13.4% during trading on Tuesday . The company traded as high as GBX 141.80 ($1.89) and last traded at GBX 140.86 ($1.87). Approximately 5,248,006 shares traded hands during mid-day trading, an increase of 288% from the average daily volume of 1,351,225 shares. The stock had previously closed at GBX 124.20 ($1.65).

Analysts Set New Price Targets

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

Halfords Group Stock Performance

The stock 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. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34. The firm has a 50-day moving average of GBX 127.39 and a 200-day moving average of GBX 136.87.

About Halfords Group

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.