Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

239.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 245.00
  • 52 Week Low: 51.85
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 269,585
  • Market Cap: £475.89m
  • RiskGrade: 367

Liberum ups Halfords price target on government bike boost

By Abigail Townsend

Date: Tuesday 12 May 2020

LONDON (ShareCast) - (Sharecast News) - Liberum has upgraded its price target for Halfords, after the government announced a ?2bn investment programme to boost cycling and walking.
The bank, which has 'buy' rating on the bicycle and car parts specialist, has increased its target price to 250.0p from 200.0p. As at 1115 BST, shares in Halford were trading 3% higher at 194.77p.

Adam Tomlinson, analyst, said plans announced by the government last week - part of the ?2bn first stage of ?5bn new funding for cycling and buses - "will give the largest ever boost for cyclists and pedestrians, create emergency bike lanes to help support the transport network and bring forward trials of rental e-scooters."

He continued: "Halfords' brand strength, leading market shares and product authority position it very well to benefit from the government's initiatives to encourage more cycling across the UK.

"Cycling was a key driver behind the group's very resilient recent trading update, and this boost could continue to for some time. While there will have been pull forward of demand from customers that were already planning a purchase, the latest guidelines - and the public's likely desire - to avoid public transport will have created new demand, and may well continue to do so.

"Against the current backdrop, the relaunch of the group's much-improved integrated website in February now seems particularly timely."

Last week, Halfords said it expected full-year profits to come in at the higher-end of guidance after better-than-expected sales during the lockdown.

Liberum also noted that outside of cycling, "longer-term, the fragmented ?9bn UK motoring services market continues to offer the most significant opportunity to develop more recurring higher margin revenue streams and improving returns".

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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 239.00p
Change Today 0.50p
% Change 0.21 %
52 Week High 245.00
52 Week Low 51.85
Volume 269,585
Shares Issued 199.12m
Market Cap £475.89m
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
12:19 1,032 @ 239.98p
12:19 414 @ 239.00p
12:19 371 @ 239.00p
12:18 1,500 @ 239.00p
12:18 416 @ 239.00p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

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