Analysts Set Halfords Group plc (LON:HFD) Target Price at $246.67

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Shares of Halfords Group plc (LON:HFD) have earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 246.67 ($3.22).

A number of analysts recently issued reports on HFD shares. Peel Hunt reduced their price objective on Halfords Group from GBX 280 ($3.66) to GBX 200 ($2.61) and set a “sell” rating for the company in a research report on Monday, May 13th. Liberum Capital reissued a “buy” rating on shares of Halfords Group in a research report on Tuesday, May 21st. Numis Securities reissued a “buy” rating on shares of Halfords Group in a research report on Wednesday, March 27th. Berenberg Bank reduced their price objective on Halfords Group from GBX 260 ($3.40) to GBX 230 ($3.01) and set a “hold” rating for the company in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Halfords Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “neutral” rating for the company in a research report on Wednesday, May 22nd.

HFD traded down GBX 1.20 ($0.02) during trading on Monday, reaching GBX 230.60 ($3.01). 108,685 shares of the stock traded hands, compared to its average volume of 482,717. The stock has a market cap of $454.41 million and a PE ratio of 10.98. Halfords Group has a fifty-two week low of GBX 199.20 ($2.60) and a fifty-two week high of GBX 362.60 ($4.74). The company has a debt-to-equity ratio of 21.76, a quick ratio of 0.32 and a current ratio of 1.20. The firm’s 50-day moving average price is GBX 234.51.

The business also recently declared a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, July 25th will be given a GBX 12.39 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 5.21%. This is a boost from Halfords Group’s previous dividend of $6.18. Halfords Group’s payout ratio is currently 1.19%.

Halfords Group Company Profile

Halfords Group plc, through its subsidiaries, retails automotive, leisure, and cycling products in the United Kingdom and the Republic of Ireland. It operates in two segments, Retail and Car Servicing. The company retails auto parts, accessories, cycles, and cycle accessories; and provides garage servicing and auto repair services.

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Analyst Recommendations for Halfords Group (LON:HFD)

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