Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

237.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 245.00p
  • 52 Week Low: 51.85p
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 275,803
  • Market Cap: £471.91m
  • RiskGrade: 367

Halfords surges on government bike push

By Sean Farrell

Date: Monday 11 May 2020

LONDON (ShareCast) - (Sharecast News) - Halfords shares jumped by a quarter after the government announced a series of measures to support cycling during and after the Covid-19 crisis.
The car accessories and bike retailer's shares rose as much as 25% and were up 23% to 186.3p at 10:37 BST. Halfords' shares have surged from 102p on 1 May.

On Saturday Transport Secretary Grant Shapps said public transport would not be able to cope with a full return by passengers and that he wanted people to cycle or walk to work where possible. There has been a surge in cycle used during the coronavirus lockdown.

"When the country does get back to work, we need those people to carry on cycling and walking, and to be joined by many more," Shapps said. He announced £250m of initial measures to double cycling and walking by 2025 including:



More bike lanes, wider pavements and streets for bikes and buses only

Guidance for councils to be more bike friendly

Vouchers for bike repairs



"The DoT speech on Saturday was unerringly bullish for Halfords," Peel Hunt analysts Jonathan Pritchard and John Stevenson said. "Grant Shapps admitted that, essentially, the only two means of transport available will be cars and self-propulsion. Already it is clear that we are taking to our bikes, and we believe this will only help."

Peel Hunt increased its target price for Halfords to 250p from 150p with a 'buy rating - the broker's second upgrade in a week.

Shapps said he would also appoint a cycling champion, link the benefits of cycling to the NHS and change laws to protect vulnerable road users. He will fast-track trials of e-scooters, which will also benefit Halfords, Peel Hunt said.









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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Halfords Group Market Data

Currency UK Pounds
Share Price 237.00p
Change Today -1.50p
% Change -0.63 %
52 Week High 245.00p
52 Week Low 51.85p
Volume 275,803
Shares Issued 199.12m
Market Cap £471.91m
RiskGrade 367

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.23% above the market average69.23% above the market average69.23% above the market average69.23% above the market average69.23% above the market average
46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average
Price Trend
60.40% above the market average60.40% above the market average60.40% above the market average60.40% above the market average60.40% above the market average
67.35% above the sector average67.35% above the sector average67.35% above the sector average67.35% above the sector average67.35% above the sector average
Income
34.57% below the market average34.57% below the market average34.57% below the market average34.57% below the market average34.57% below the market average
9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average
Growth
86.99% below the market average86.99% below the market average86.99% below the market average86.99% below the market average86.99% below the market average
63.27% below the sector average63.27% below the sector average63.27% below the sector average63.27% below the sector average63.27% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Halfords Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 25-Jul-19
Paid 17-Jan-20 30-Aug-19
Amount 6.18p 12.39p

Trades for 26-Oct-2020

Time Volume / Share Price
13:23 2,112 @ 236.74p
13:16 378 @ 237.00p
13:16 314 @ 237.00p
13:16 31 @ 237.00p
13:15 60 @ 237.00p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

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