Halfords Group’s Sell Rating Reaffirmed at Deutsche Bank (HFD)
Halfords Group (LON:HFD)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Stock Ratings Network reports. They currently have a GBX 300 ($4.84) price objective on the stock. Deutsche Bank’s price target would suggest a potential downside of 23.95% from the stock’s previous close.
Shares of Halfords Group (LON:HFD) opened at 392.425 on Monday. Halfords Group has a one year low of GBX 258.70 and a one year high of GBX 412.70. The stock’s 50-day moving average is GBX 377.8 and its 200-day moving average is GBX 346.5. The company’s market cap is £762.9 million.
A number of other firms have also recently commented on HFD. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Halfords Group (LON:HFD) in a research note to investors on Monday, September 23rd. They now have a GBX 400 ($6.45) price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Halfords Group (LON:HFD) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 20th. They now have a GBX 465 ($7.50) price target on the stock, up previously from GBX 325 ($5.24). Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Halfords Group (LON:HFD) in a research note to investors on Thursday, September 12th. They now have a GBX 475 ($7.66) price target on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 378.18 ($6.10).
Halfords Group plc is a holding company. The principal activities of the Company are retailing of automotive, leisure and cycling products, and car servicing and repair.
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