Halfords Group plc (HFD) Rating Increased to Buy at HSBC
Halfords Group plc (LON:HFD) was upgraded by investment analysts at HSBC to a “buy” rating in a report issued on Tuesday. The firm presently has a GBX 375 ($4.69) price target on the stock, down from their prior price target of GBX 395 ($4.94). HSBC’s price target indicates a potential upside of 17.59% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Numis Securities Ltd reissued a “reduce” rating and issued a GBX 310 ($3.87) price target on shares of Halfords Group plc in a report on Monday. Haitong Bank reissued a “neutral” rating and issued a GBX 333 ($4.16) price target on shares of Halfords Group plc in a report on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 360 ($4.50) price target on shares of Halfords Group plc in a report on Friday, November 11th. Beaufort Securities downgraded shares of Halfords Group plc to a “hold” rating in a report on Friday, November 11th. Finally, Deutsche Bank AG cut their price target on shares of Halfords Group plc from GBX 330 ($4.12) to GBX 320 ($4.00) and set a “hold” rating for the company in a report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 368.87 ($4.61).
Shares of Halfords Group plc (LON:HFD) opened at 325.40 on Tuesday. The firm’s market capitalization is GBX 635.51 million. The company has a 50-day moving average price of GBX 338.45 and a 200-day moving average price of GBX 363.71. Halfords Group plc has a 12-month low of GBX 299.50 and a 12-month high of GBX 452.28.
The company also recently disclosed a dividend, which will be paid on Friday, January 20th. Shareholders of record on Thursday, December 15th will be given a GBX 5.83 ($0.07) dividend. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, December 15th.
Halfords Group plc Company Profile
Halfords Group plc is a retailer of automotive and cycling products. The Company is also an independent operator in auto repair. It operates in two segments: Halfords Retail, which operates in both the United Kingdom and Republic of Ireland, and Halfords Autocentres, which operates in the United Kingdom.
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