Barclays Lowers Halfords Group plc to Underweight (HFD)
Halfords Group plc (LON:HFD) was downgraded by analysts at Barclays to an “underweight” rating in a report issued on Friday. They currently have a GBX 400 ($6.69) price target on the stock. Barclays’ target price would suggest a potential downside of 19.35% from the company’s current price.
Shares of Halfords Group plc (LON:HFD) opened at 482.50 on Friday. Halfords Group plc has a 52 week low of GBX 358.50 and a 52 week high of GBX 515.00. The stock’s 50-day moving average is GBX 484.5 and its 200-day moving average is GBX 468.3. The company’s market cap is £936.3 million.
A number of other firms have also recently commented on HFD. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Halfords Group plc in a research note on Tuesday, August 12th. They now have a GBX 500 ($8.36) 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 Thursday, July 31st. They now have a GBX 550 ($9.19) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Halfords Group plc to an “add” rating in a research note on Monday, July 14th. They now have a GBX 545 ($9.11) price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight 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 468.71 ($7.84).
Halfords Group plc is a retailer of automotive, leisure and cycling products. The Company’s segments include: Retail and Autocentres.
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