Halfords Group plc’s “Buy” Rating Reaffirmed at Investec (HFD)
Halfords Group plc (LON:HFD)‘s stock had its “buy” rating reiterated by stock analysts at Investec in a report issued on Tuesday. They currently have a GBX 520 ($8.86) price target on the stock. Investec’s price target would suggest a potential upside of 9.98% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Halfords Group plc in a research note on Friday. They now have a GBX 600 ($10.22) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Halfords Group plc in a research note on Tuesday, June 17th. They now have a GBX 550 ($9.37) price target on the stock. Finally, analysts at Nplus1 Brewin raised their price target on shares of Halfords Group plc from GBX 540 ($9.20) to GBX 600 ($10.22) in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 469.86 ($8.00).
Shares of Halfords Group plc (LON:HFD) opened at 481.12 on Tuesday. Halfords Group plc has a 1-year low of GBX 301.896 and a 1-year high of GBX 515.00. The stock has a 50-day moving average of GBX 474.0 and a 200-day moving average of GBX 460.8. The company’s market cap is £933.9 million.
The company also recently declared a dividend, which is scheduled for Friday, August 1st. Stockholders of record on Wednesday, July 2nd will be given a dividend of GBX 9.10 ($0.15) per share. This represents a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, July 2nd.
Halfords Group plc is a retailer of automotive, leisure and cycling products. The Company’s segments include: Retail and Autocentres.
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