Halfords Group Given New GBX 330 Price Target at Deutsche Bank (HFD)
Analysts at Deutsche Bank raised their price objective on shares of Halfords Group (LON:HFD) from GBX 300 ($4.81) to GBX 330 ($5.29) in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 13.04% from the company’s current price.
Shares of Halfords Group (LON:HFD) traded down 1.19% on Wednesday, hitting GBX 375.00. 201,026 shares of the company’s stock traded hands. Halfords Group has a 52 week low of GBX 296.50 and a 52 week 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 £729.0 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 in a research note to investors on Monday, September 23rd. They now have a GBX 400 ($6.42) price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Halfords Group from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 20th. They now have a GBX 465 ($7.46) price target on the stock, up previously from GBX 325 ($5.21). Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Halfords Group in a research note to investors on Thursday, September 12th. They now have a GBX 475 ($7.62) price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 379.84 ($6.09).
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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