Deutsche Bank AG Cuts Halfords Group plc (HFD) Price Target to GBX 295
Halfords Group plc (LON:HFD) had its target price reduced by stock analysts at Deutsche Bank AG from GBX 310 ($4.00) to GBX 295 ($3.81) in a report issued on Friday. The firm presently has a “sell” rating on the stock. Deutsche Bank AG’s price objective points to a potential downside of 4.03% from the company’s current price.
A number of other analysts have also recently commented on the company. Peel Hunt reiterated a “sell” rating and set a GBX 325 ($4.20) price objective on shares of Halfords Group plc in a research report on Friday, May 12th. HSBC Holdings plc cut Halfords Group plc to a “hold” rating and dropped their price objective for the stock from GBX 415 ($5.36) to GBX 380 ($4.91) in a research report on Wednesday, May 17th. Liberum Capital reiterated a “sell” rating and set a GBX 340 ($4.39) price objective on shares of Halfords Group plc in a research report on Thursday, May 25th. N+1 Singer reiterated a “buy” rating on shares of Halfords Group plc in a research report on Thursday, May 25th. Finally, Investec lifted their price objective on Halfords Group plc from GBX 395 ($5.10) to GBX 400 ($5.17) and gave the stock a “buy” rating in a research report on Thursday, May 25th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 353.46 ($4.56).
Shares of Halfords Group plc (HFD) traded down 6.31% during midday trading on Friday, reaching GBX 307.40. 1,158,131 shares of the company’s stock traded hands. The company’s market capitalization is GBX 605.63 million. Halfords Group plc has a 52 week low of GBX 305.40 and a 52 week high of GBX 389.50. The stock’s 50 day moving average is GBX 324.13 and its 200-day moving average is GBX 347.21.
COPYRIGHT VIOLATION WARNING: “Deutsche Bank AG Cuts Halfords Group plc (HFD) Price Target to GBX 295” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/09/09/deutsche-bank-ag-cuts-halfords-group-plc-hfd-price-target-to-gbx-295.html.
About Halfords Group plc
Halfords Group plc is a retailer of automotive and cycling products. The Company is also an independent operator in auto repair. It operates in two segments: Halfords Retail, which operates in both the United Kingdom and Republic of Ireland, and Halfords Autocentres, which operates in the United Kingdom.
Receive News & Ratings for Halfords Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halfords Group plc and related companies with MarketBeat.com's FREE daily email newsletter.