Halfords Group (LON:HFD) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Halfords Group plc (LON:HFD) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 140.95 ($1.89) and traded as high as GBX 173.20 ($2.32). Halfords Group shares last traded at GBX 172.40 ($2.31), with a volume of 372,132 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on Halfords Group from GBX 142 ($1.91) to GBX 151 ($2.03) and gave the stock a “hold” rating in a research report on Thursday, April 17th.

Halfords Group Stock Performance

The stock has a 50-day moving average of GBX 158.65 and a 200 day moving average of GBX 140.95. The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The stock has a market capitalization of £374.16 million, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62.

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.