Oriel Securities Ltd Reiterates Buy Rating for Halfords Group (HFD)
Halfords Group (LON:HFD)‘s stock had its “buy” rating reaffirmed by Oriel Securities Ltd in a research note issued on Monday, American Banking News reports. They currently have a GBX 550 ($9.02) price target on the stock. Oriel Securities Ltd’s target price would suggest a potential upside of 20.24% from the company’s current price.
Halfords Group (LON:HFD) traded up 2.53% on Monday, hitting GBX 457.40. The stock had a trading volume of 449,004 shares. Halfords Group has a 52-week low of GBX 296.50 and a 52-week high of GBX 496.10. The stock has a 50-day moving average of GBX 462.9 and a 200-day moving average of GBX 401.4. The company’s market cap is £886.9 million.
A number of other analysts have also recently weighed in on HFD. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Halfords Group in a research note to investors on Thursday, December 5th. They now have a GBX 545 ($8.94) price target on the stock. Separately, analysts at Liberum Capital initiated coverage on shares of Halfords Group in a research note to investors on Tuesday, December 3rd. They set a “buy” rating and a GBX 600 ($9.84) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Halfords Group to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a GBX 460 ($7.54) price target on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Halfords Group presently has a consensus rating of “Hold” and a consensus price target of GBX 424.06 ($6.96).
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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