Vi bruker en rekke cookies for å forsikre oss om at du får den beste brukeropplevelsen. Ved kontinuerlig bruk av denne nettsiden, godtar du bruken vår av cookies. Du kan lese mer om policyen vår for cookies her, eller ved å følge linken nederst på alle sidene på nettstedet vårt.
On Friday 5 June Halfords is due to post its full-year figures and the markets are expecting continued progress. The adjusted earnings per share are called to increase from 28.8p up to 31.4p while the firm’s sales should just break above the £1 billion level — an improvement from last year’s £939 million. These figures should contribute to the retailer’s pre-tax profits climbing to £78.794 million from £72.6 million this time last year.
Institutional opinion on the bike and car accessory retailer is broadly positive with nine firms rating the company a buy, seven a hold and only two a sell. The average twelve-month price target for the company is £5.21 offering a 7% premium to the current market price of 486p.
The last 18 months have seen the shares plateau as the boost that cycling received in the UK following the London 2012 Olympics has subsided. On a number of occasions the shares have made a halfhearted effort to break above the £5 level. These moves have been short-lived and have lacked conviction. If however, the anticipation for the company’s current product line is as successful as expected then this might well be the catalyst the share price has been waiting for.
A word of caution however; the boardroom has been shaken up with Jill McDonald joining as the new CEO and the company losing CFO Andrew Millard to easyJet.