Berenberg Bank Cuts Halfords Group (HFD) Price Target to GBX 290

Halfords Group (LON:HFD) had its price target lowered by Berenberg Bank from GBX 350 ($4.57) to GBX 290 ($3.79) in a research note published on Thursday morning. The firm currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on HFD. Peel Hunt reaffirmed a sell rating and issued a GBX 280 ($3.66) target price (down previously from GBX 325 ($4.25)) on shares of Halfords Group in a report on Thursday, November 8th. Liberum Capital raised shares of Halfords Group to a buy rating and upped their target price for the stock from GBX 360 ($4.70) to GBX 380 ($4.97) in a report on Tuesday, September 4th. Finally, Citigroup reaffirmed a buy rating on shares of Halfords Group in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 354 ($4.63).

HFD opened at GBX 291.80 ($3.81) on Thursday. Halfords Group has a twelve month low of GBX 305.40 ($3.99) and a twelve month high of GBX 380.50 ($4.97).

The company also recently announced a dividend, which will be paid on Friday, January 18th. Stockholders of record on Thursday, December 13th will be issued a GBX 6.18 ($0.08) dividend. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 13th.

In other news, insider Loraine Woodhouse bought 8,321 shares of the stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average price of GBX 299 ($3.91) per share, with a total value of £24,879.79 ($32,509.85).

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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