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

Halfords Group plc (LON:HFD) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 246.67 ($3.22).

A number of equities research analysts have weighed in on the company. 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 note on Wednesday, May 22nd. Numis Securities reiterated a “buy” rating on shares of Halfords Group in a research note on Wednesday, March 27th. Peel Hunt reiterated a “sell” rating on shares of Halfords Group in a research note on Monday, May 20th. 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 note on Tuesday, May 28th. Finally, Liberum Capital reiterated a “buy” rating on shares of Halfords Group in a research note on Tuesday, May 21st.

LON HFD traded down GBX 2.60 ($0.03) on Monday, reaching GBX 231.80 ($3.03). The stock had a trading volume of 583,032 shares, compared to its average volume of 482,717. The company has a current ratio of 1.20, a quick ratio of 0.32 and a debt-to-equity ratio of 21.76. Halfords Group has a 12-month low of GBX 199.20 ($2.60) and a 12-month high of GBX 362.60 ($4.74). The stock has a market cap of $456.78 million and a P/E ratio of 11.04.

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

About Halfords Group

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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