Halfords Group (LON:HFD) Trading 10.7% Higher – What’s Next?

Halfords Group plc (LON:HFD) rose 10.7% during trading on Tuesday . The company traded as high as GBX 157.20 ($2.04) and last traded at GBX 157.20 ($2.04). Approximately 1,152,034 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 851,935 shares. The stock had previously closed at GBX 142 ($1.84).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 146 ($1.90) price target on shares of Halfords Group in a research report on Monday, July 8th.

Halfords Group Trading Up 10.7 %

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 stock has a market capitalization of £343.37 million, a PE ratio of 1,209.23, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The firm has a 50-day moving average price of GBX 146 and a 200-day moving average price of GBX 147.56.

About Halfords Group

Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. The company operates through two segments, Retail and Car Servicing. The Retail segment is involved in the retail of automotive, leisure, cycling products and accessories, auto parts, and accessories through its stores and online.