Published On: Wed, Sep 7th, 2016

Halfords Group plc (HFD) Receives “Buy” Rating from Beaufort Securities

Halfords Group plc (LON:HFD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Beaufort Securities in a research report issued to clients and investors on Wednesday.
Halfords Group plc (LON:HFD) opened at 373.29 on Wednesday. The firm’s market capitalization is GBX 732.14 million. Halfords Group plc has a 1-year low of GBX 299.50 and a 1-year high of GBX 466.95. The firm has a 50-day moving average of GBX 354.49 and a 200-day moving average of GBX 385.43.
HFD has been the subject of several other reports. Canaccord Genuity reiterated a “buy” rating and set a GBX 405 ($5.39) price objective on shares of Halfords Group plc in a research note on Tuesday, May 24th. HSBC boosted their price objective on shares of Halfords Group plc from GBX 470 ($6.26) to GBX 490 ($6.53) and gave the stock a “buy” rating in a research note on Wednesday, May 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 380 ($5.06) price objective on shares of Halfords Group plc in a research note on Thursday, June 2nd. Peel Hunt decreased their price objective on shares of Halfords Group plc from GBX 350 ($4.66) to GBX 315 ($4.20) and set a “hold” rating for the company in a research note on Thursday, July 14th. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 300 ($4.00) price objective on shares of Halfords Group plc in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Halfords Group plc has an average rating of “Hold” and a consensus price target of GBX 383.64 ($5.11).

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In other Halfords Group plc news, insider Millard,Dennis H bought 10,000 shares of the company’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of GBX 312 ($4.16) per share, with a total value of £31,200 ($41,555.67).
Halfords Group plc is a United Kingdom-based retailer of automotive and cycling products. The Company is also engaged operating garage servicing and auto repair in the United Kingdom. The Company 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.

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