Today, Halfords Group plc (HFD) Receives “Buy” Rating from Investec

Today, Halfords Group plc (HFD) Receives “Buy” Rating from Investec

Halfords Group plc (LON:HFD)‘s stock had its “buy” rating reiterated by stock analysts at Investec in a research report issued to clients and investors on Monday. They presently have a GBX 390 ($4.87) target price on the stock. Investec’s price objective points to a potential upside of 15.15% from the stock’s previous close.

HFD has been the topic of a number of other reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 360 ($4.50) price target on shares of Halfords Group plc in a report on Thursday, October 27th. Canaccord Genuity boosted their price target on Halfords Group plc from GBX 340 ($4.25) to GBX 370 ($4.62) and gave the stock a ” hold” rating in a report on Wednesday, September 7th. Liberum Capital reissued a “sell” rating and issued a GBX 290 ($3.62) price target on shares of Halfords Group plc in a report on Tuesday, September 6th. Peel Hunt lowered their price target on Halfords Group plc from GBX 350 ($4.37) to GBX 315 ($3.94) and set a “hold” rating on the stock in a report on Thursday, July 14th. Finally, Beaufort Securities reissued a “buy” rating on shares of Halfords Group plc in a report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 368.87 ($4.61).

Halfords Group plc (LON:HFD) traded up 0.42% during midday trading on Monday, hitting GBX 338.70. 239,306 shares of the company traded hands. The stock’s 50-day moving average is GBX 335.94 and its 200-day moving average is GBX 360.46. Halfords Group plc has a 12-month low of GBX 299.50 and a 12-month high of GBX 452.28. The firm’s market capitalization is GBX 661.48 million.

The business also recently announced a dividend, which will be paid on Friday, January 20th. Stockholders of record on Thursday, December 15th will be given a dividend of GBX 5.83 ($0.07) per share. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, December 15th.

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