Deutsche Bank Upgrades Halfords Group plc to “Hold” (HFD)
Halfords Group plc (LON:HFD) was upgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a GBX 43 ($0.72) price target on the stock, up from their previous price target of GBX 41 ($0.69). Deutsche Bank’s price objective would indicate a potential downside of 90.02% from the company’s current price.
A number of other analysts have also recently weighed in on HFD. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Halfords Group plc in a research note on Wednesday, April 2nd. Separately, analysts at Numis Securities Ltd downgraded shares of Halfords Group plc to an “add” rating in a research note on Thursday, March 27th. They now have a GBX 550 ($9.26) price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 445.57 ($7.50).
Shares of Halfords Group plc (LON:HFD) traded down 1.44% on Monday, hitting GBX 430.80. 955,645 shares of the company’s stock traded hands. Halfords Group plc has a 1-year low of GBX 296.50 and a 1-year high of GBX 499.00. The stock’s 50-day moving average is GBX 453.1 and its 200-day moving average is GBX 457.5. The company’s market cap is £835.3 million.
Halfords Group plc is a retailer of automotive, leisure and cycling products. The Company’s segments include: Retail and Autocentres.
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