Halfords Group plc (HFD) Stock Rating Upgraded by Jefferies Group
Halfords Group plc (LON:HFD) was upgraded by equities research analysts at Jefferies Group to a “buy” rating in a report released on Tuesday. The brokerage currently has a GBX 375 ($4.69) target price on the stock, down from their prior target price of GBX 395 ($4.94). Jefferies Group’s price target indicates a potential upside of 17.59% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Investec reiterated a “buy” rating and issued a GBX 390 ($4.87) price objective on shares of Halfords Group plc in a research note on Monday, November 7th. 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 Thursday, October 27th. Canaccord Genuity reissued a “hold” rating and issued a GBX 340 ($4.25) price target on shares of Halfords Group plc in a report on Tuesday, September 6th. Peel Hunt reissued a “hold” rating and issued a GBX 315 ($3.94) price target on shares of Halfords Group plc in a report on Thursday, November 10th. Finally, Numis Securities Ltd reissued a “hold” rating and issued a GBX 350 ($4.37) price target on shares of Halfords Group plc in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Halfords Group plc has an average rating of “Hold” and an average price target of GBX 368.87 ($4.61).
Shares of Halfords Group plc (LON:HFD) opened at 325.40 on Tuesday. 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 firm’s market capitalization is GBX 635.51 million.
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 of this dividend 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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