Oriel Securities Ltd Reiterates Buy Rating for Halfords Group plc (HFD)
Halfords Group plc (LON:HFD)‘s stock had its “buy” rating reaffirmed by Oriel Securities Ltd in a research note issued on Thursday, American Banking News reports. They currently have a GBX 550 ($9.26) price target on the stock. Oriel Securities Ltd’s price target indicates a potential upside of 25.83% from the company’s current price.
Halfords Group plc (LON:HFD) traded down 1.55% during mid-day trading on Thursday, hitting GBX 437.10. The stock had a trading volume of 705,143 shares. Halfords Group plc has a 52 week low of GBX 296.50 and a 52 week high of GBX 499.00. The stock’s 50-day moving average is GBX 454.0 and its 200-day moving average is GBX 457.. The company’s market cap is £847.5 million.
A number of other firms have also recently commented on HFD. Analysts at Investec reiterated a “buy” rating on shares of Halfords Group plc in a research note on Wednesday. They now have a GBX 520 ($8.76) price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Halfords Group plc to a “hold” rating in a research note on Monday. They now have a GBX 43 ($0.72) price target on the stock, up previously from GBX 41 ($0.69). Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Halfords Group plc in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Halfords Group plc presently has an average rating of “Hold” and an average target price of GBX 445.57 ($7.50).
Halfords Group plc is a retailer of automotive, leisure and cycling products. The Company’s segments include: Retail and Autocentres.
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