Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

402.00p
   
  • Change Today:
    -24.20p
  • 52 Week High: 432.60p
  • 52 Week Low: 130.00p
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 1,592,635
  • Market Cap: £800.45m
  • RiskGrade: 239

Halfords buys garage chain for £15m in motoring expansion

By Sean Farrell

Date: Friday 19 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Halfords has agreed to buy a garage chain in the south east of the UK for £15m as part of the group's push to expand its motoring services business.
The company will buy Universal Tyre and Autocentres, which has 20 sites and 89 commercial vans. The chain, based in Kent, specialises in tyre services as well as carrying out general vehicle maintenance.

The business is due to report more than £31m of revenue and £1.5m of earnings for 2020. About £9m of the purchase price covers property and Universal's net cash position with the remaining £6m paying for the trading business.

Halfords has said it wants to have more than 550 garages in the UK. The transaction will take the figure to 374 garages and will increase its coverage of the commercial van and truck market, the company said.

Graham Stapleton, Halfords' chief executive, said: "We have a clearly stated strategy of building a market-leading Motoring Services offer, and the acquisition of Universal is another important step forward in helping us to achieve that goal.

"We continue to see strong demand for our autocentres, for our expanding fleet of Halfords mobile expert vans, and for our growing commercial business. Universal will help us to meet that demand whilst also expanding our geographic footprint in a market for which we see significant potential."

Email this article to a friend

or share it with one of these popular networks:


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 402.00p
Change Today -24.20p
% Change -5.68 %
52 Week High 432.60p
52 Week Low 130.00p
Volume 1,592,635
Shares Issued 199.12m
Market Cap £800.45m
RiskGrade 239

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.77% above the market average7.77% above the market average7.77% above the market average7.77% above the market average7.77% above the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Price Trend
86.98% above the market average86.98% above the market average86.98% above the market average86.98% above the market average86.98% above the market average
96.23% above the sector average96.23% above the sector average96.23% above the sector average96.23% above the sector average96.23% above the sector average
Income
30.03% above the market average30.03% above the market average30.03% above the market average30.03% above the market average30.03% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average
Growth
88.92% above the market average88.92% above the market average88.92% above the market average88.92% above the market average88.92% above the market average
87.76% above the sector average87.76% above the sector average87.76% above the sector average87.76% above the sector average87.76% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 6
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
  Final Interim
Ex-Div n/a 05-Dec-19
Paid n/a 17-Jan-20
Amount 5.00p 6.18p

Trades for 18-Jun-2021

Time Volume / Share Price
16:47 810 @ 402.00p
16:35 521,725 @ 402.00p
16:29 489 @ 403.87p
16:29 387 @ 402.80p
16:29 32 @ 403.00p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

Top of Page