Analysts at Investec Reconfirmed their Past ‘”Buy”’ rating on Shares Halfords Group (LON:HFD), Set a GBX 510 Target Price

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Halfords Group (LON:HFD) Rating Reaffirmed

Investec now has a GBX 510 TP on the 672.84M GBP market cap company or 52.42% upside potential. In a recent report sent to investors on 15 December, Halfords Group (LON:HFD) shares have had their “Buy” Rating kept steady by equity research analysts at Investec.

From a total of 15 analysts covering Halfords Group PLC (LON:HFD) stock, 5 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 31% of the ratings are positive. The highest target price is GBX 555 while the lowest target price is GBX 300. The mean of all analyst targets is GBX 428.73 with a 29.76% above today’s (GBX 336.68) stock price. Halfords Group PLC was the topic of 41 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 14 with “Hold” rating. Berenberg upgraded shares to “Hold” rating and GBX 375 target share price in a report from a November 16. UBS maintained HFD stock in a recent report from November 25 with “Neutral” rating. Haitong Securities downgraded the rating on November 16. Haitong Securities has a “Neutral” rating and a GBX 391 price target on shares. Finally, Numis Securities maintained the stock with “Hold” rating in a report issued on a November 16.

Approximately 160,454 shares of stock traded hands. Halfords Group plc (LON:HFD) has declined 27.64% since May 18, 2015 and is downtrending. It has underperformed by 23.96% the S&P500.

Analysts at Investec Reconfirmed their Past ‘

Halfords Group plc is a United Kingdom retailer of automotive and cycling products. The company has a market cap of 672.84 million GBP. The Firm is also engaged operating garage servicing and auto repair in the United Kingdom. It has 10.31 P/E ratio. The Firm operates in two divisions Halfords Retail, which operates in both the United Kingdom and Republic of Ireland, and Halfords Autocentres, which operates in the United Kingdom.

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