Halfords Group plc (HFD) Earns “Sell” Rating from Deutsche Bank AG

Halfords Group plc (LON:HFD)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank AG in a note issued to investors on Friday. They presently have a GBX 295 ($3.91) price target on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 14.59% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. N+1 Singer reiterated a “buy” rating on shares of Halfords Group plc in a research note on Tuesday, September 5th. Investec restated a “buy” rating and set a GBX 400 ($5.31) target price on shares of Halfords Group plc in a research note on Wednesday, September 13th. Liberum Capital upgraded Halfords Group plc from a “sell” rating to a “hold” rating and set a GBX 340 ($4.51) price objective for the company in a research note on Tuesday, September 5th. HSBC Holdings plc reiterated a “hold” rating and issued a GBX 380 ($5.04) price objective on shares of Halfords Group plc in a research note on Friday, June 30th. Finally, Beaufort Securities reiterated a “hold” rating on shares of Halfords Group plc in a research note on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Halfords Group plc currently has an average rating of “Hold” and an average price target of GBX 353.46 ($4.69).

Shares of Halfords Group plc (LON:HFD) opened at 345.40 on Friday. Halfords Group plc has a 1-year low of GBX 305.40 and a 1-year high of GBX 389.50. The company has a 50-day moving average of GBX 325.63 and a 200-day moving average of GBX 345.55. The stock’s market capitalization is GBX 680.50 million.

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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.

Analyst Recommendations for Halfords Group plc (LON:HFD)

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