Oriel Securities Ltd Reiterates “Buy” Rating for Halfords Group plc (HFD)
Halfords Group plc (LON:HFD)‘s stock had its “buy” rating reiterated by Oriel Securities Ltd in a research note issued on Tuesday. They currently have a GBX 550 ($9.34) target price on the stock. Oriel Securities Ltd’s price target would indicate a potential upside of 18.48% from the company’s current price.
Shares of Halfords Group plc (LON:HFD) traded down 0.54% during mid-day trading on Tuesday, hitting GBX 461.70. 447,030 shares of the company’s stock traded hands. Halfords Group plc has a 52-week low of GBX 296.50 and a 52-week high of GBX 515.00. The stock’s 50-day moving average is GBX 466. and its 200-day moving average is GBX 461.2. The company’s market cap is £896.2 million.
The company also recently announced a dividend, which is scheduled for Friday, August 1st. Shareholders of record on Wednesday, July 2nd will be paid a dividend of GBX 9.10 ($0.15) per share. This represents a dividend yield of 1.86%. The ex-dividend date is Wednesday, July 2nd.
A number of other firms have also recently commented on HFD. Analysts at Nplus1 Brewin raised their price target on shares of Halfords Group plc from GBX 540 ($9.17) to GBX 600 ($10.19) in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Halfords Group plc in a research note on Friday, May 23rd. They now have a GBX 460 ($7.81) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of Halfords Group plc in a research note on Thursday, May 22nd. They now have a GBX 600 ($10.19) price target on the stock, up previously from GBX 540 ($9.17). One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 469.86 ($7.98).
Halfords Group plc is a retailer of automotive, leisure and cycling products. The Company’s segments include: Retail and Autocentres.
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