Halfords Group (HFD) Stock Rating Reaffirmed by Peel Hunt
Halfords Group (LON:HFD)‘s stock had its “sell” rating restated by equities researchers at Peel Hunt in a report issued on Thursday. They currently have a GBX 280 ($3.66) target price on the stock, down from their prior target price of GBX 325 ($4.25). Peel Hunt’s price target would suggest a potential downside of 6.98% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Halfords Group in a report on Friday, September 28th. Berenberg Bank boosted their target price on shares of Halfords Group from GBX 320 ($4.18) to GBX 350 ($4.57) and gave the company a “hold” rating in a report on Tuesday, September 4th. Finally, Liberum Capital restated a “buy” rating on shares of Halfords Group in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Halfords Group presently has an average rating of “Hold” and a consensus price target of GBX 360.67 ($4.71).
Halfords Group stock traded down GBX 1.80 ($0.02) during trading on Thursday, reaching GBX 301 ($3.93). The company had a trading volume of 556,046 shares, compared to its average volume of 482,717. Halfords Group has a 12-month low of GBX 305.40 ($3.99) and a 12-month high of GBX 380.50 ($4.97).
Halfords Group plc, through its subsidiaries, retails automotive, leisure, and cycling products in the United Kingdom and the Republic of Ireland. It operates in two segments, Retail and Car Servicing. The company retails auto parts, accessories, cycles, and cycle accessories; and provides garage servicing and auto repair services.
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