Brokerages Set Halfords Group plc (HFD) Price Target at $311.00
Halfords Group plc (LON:HFD) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 301.20 ($3.94).
HFD has been the subject of several research reports. HSBC decreased their price objective on shares of Halfords Group from GBX 340 ($4.44) to GBX 250 ($3.27) and set a “hold” rating for the company in a report on Thursday, January 24th. Numis Securities reissued a “buy” rating on shares of Halfords Group in a report on Wednesday, March 27th. Liberum Capital reissued a “buy” rating on shares of Halfords Group in a report on Tuesday, March 12th. Finally, Peel Hunt decreased their price objective on shares of Halfords Group from GBX 280 ($3.66) to GBX 200 ($2.61) and set a “sell” rating for the company in a report on Monday, May 13th.
Shares of HFD traded down GBX 1.20 ($0.02) during mid-day trading on Thursday, hitting GBX 240.20 ($3.14). 196,944 shares of the company traded hands, compared to its average volume of 482,717. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 22.49. Halfords Group has a 1 year low of GBX 199.20 ($2.60) and a 1 year high of GBX 390.60 ($5.10). The stock has a market capitalization of $473.33 million and a price-to-earnings ratio of 9.93.
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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