Halfords (LON:HFD) had its target price reduced by stock analysts at Deutsche Bank from GBX 365 ($4.90) to GBX 360 ($4.83) in a report issued on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 4.65% from the stock’s current price.
Several other equities analysts have also issued reports on HFD. Liberum Capital restated a “hold” rating and set a GBX 340 ($4.56) target price on shares of Halfords in a research report on Friday, January 19th. JPMorgan Chase restated a “neutral” rating and set a GBX 360 ($4.83) target price on shares of Halfords in a research report on Friday, January 19th. Canaccord Genuity upgraded Halfords to a “buy” rating and boosted their target price for the stock from GBX 370 ($4.96) to GBX 436 ($5.85) in a research report on Friday, January 19th. Numis Securities lowered Halfords to a “hold” rating and set a GBX 360 ($4.83) target price for the company. in a research report on Friday, January 19th. Finally, Peel Hunt restated a “sell” rating and set a GBX 325 ($4.36) target price on shares of Halfords in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 378.83 ($5.08).
Shares of Halfords stock traded up GBX 1.60 ($0.02) during trading on Friday, hitting GBX 344 ($4.62). 878,313 shares of the company were exchanged, compared to its average volume of 482,717. Halfords has a 1-year low of GBX 305.40 ($4.10) and a 1-year high of GBX 380.50 ($5.11).
Halfords Group plc, through its subsidiaries, retails automotive, leisure, and cycling products. It operates in two segments, Retail and Car Servicing. The company offers car parts, cycling products, technology products, kids products, and camping and leisure equipment; and car service, repair, and MOTs to retail and fleet customers.
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