Halfords Group (LON:HFD) had its target price dropped by stock analysts at JPMorgan Chase & Co. from GBX 290 ($3.79) to GBX 260 ($3.40) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.95% from the company’s current price.
Several other research firms have also issued reports on HFD. Peel Hunt reissued a “sell” rating on shares of Halfords Group in a research note on Monday. HSBC lowered their target price on shares of Halfords Group from GBX 340 ($4.44) to GBX 250 ($3.27) and set a “hold” rating on the stock in a research note on Thursday, January 24th. Liberum Capital reissued a “buy” rating on shares of Halfords Group in a research note on Tuesday. Finally, Numis Securities reissued a “buy” rating on shares of Halfords Group in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 298.71 ($3.90).
HFD stock opened at GBX 236.47 ($3.09) on Wednesday. The company has a debt-to-equity ratio of 22.49, a quick ratio of 0.32 and a current ratio of 1.18. Halfords Group has a 52-week low of GBX 199.20 ($2.60) and a 52-week high of GBX 390.60 ($5.10). The stock has a market cap of $470.96 million and a PE ratio of 9.77.
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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