goldfinger
- 12 Jul 2013 08:09
- 201 of 314
Halfords: Price target upgrades
11th July 2013, 13:23
Analysts at HSBC and N+1 Singer have increased their price targets on Halfords [LON:HFD] in response to the company's first quarter interim management statement, published on Wednesday.
HSBC reaffirmed its ‘neutral’ recommendation and increased its price target to 380 pence per share (from 340 pence), while N+1 Singer stuck with its bullish ‘buy’ call and raised its price target to 425 pence a share (previously 380 pence).
N+1 Singer said: “’Getting into Gear 2016’ was one of the more impressive strategic updates we have seen for some time and tackles the key issues head on. There can be no doubting Matt Davies’s passion and ambition to succeed.
“Expectations and forecasts were rebased after the prelims but upgrade momentum is now returning after a strong Q1.
“The route map for the turnaround is transparent and our analysis of potential share gains in core categories suggest that management’s £1bn sales target in FY’16 is very achievable.”
Separately, Cantor Fitzgerald upgraded its recommendation to ‘hold’ from ‘sell’, in a note to investors yesterday, believing the results highlighted impressive underlying performance.
Broker Forecasts consensus data shows that 36 per cent of brokers rate the shares as a ‘buy’, 50 per cent as a ‘hold’ and 14 per cent as a ‘sell’.
At 1:14pm: Halfords Group share price was up 5.25 pence at 359.75 pence.
skinny
- 22 Jul 2013 07:10
- 202 of 314
skinny
- 05 Sep 2013 12:22
- 203 of 314
Interim results 7th November.
Chris Carson
- 05 Sep 2013 15:42
- 204 of 314
Aye in yesterday on a SB skinny @ 367.7
Chris Carson
- 09 Sep 2013 11:13
- 205 of 314
Stop to 382.7 to lock in + 15
Chris Carson
- 10 Sep 2013 08:12
- 206 of 314
Stop moved to 387.7 to lock in + 20
Chris Carson
- 10 Sep 2013 08:18
- 207 of 314
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skinny
- 10 Sep 2013 08:24
- 208 of 314
I'd move your stop again Chris :-)
Chris Carson
- 10 Sep 2013 08:31
- 209 of 314
Think your right skinny volume is scary, got to break 400 at sometime though, week on Tuesday? :O)
skinny
- 10 Sep 2013 08:33
- 210 of 314
408 is the 12 month high - so hopefully a test there soon.
Chris Carson
- 10 Sep 2013 08:34
- 211 of 314
Aye, fingers crossed.
Chris Carson
- 10 Sep 2013 08:44
- 212 of 314
Stop to 394.7 to lock in + 27
Chris Carson
- 10 Sep 2013 09:52
- 213 of 314
Stop to 398.7 to lock in 31
skinny
- 10 Sep 2013 14:23
- 214 of 314
New 1 year high earlier @409p.
Chris Carson
- 10 Sep 2013 15:54
- 215 of 314
That'll do for now, out the spreads @405.5 + 37.8
skinny
- 10 Sep 2013 16:13
- 216 of 314
Nice one Chris.
Chris Carson
- 10 Sep 2013 16:35
- 217 of 314
Cheers skinny.
skinny
- 20 Sep 2013 07:14
- 218 of 314
Citigroup Buy 395.70 395.70 325.00 465.00 Upgrades
Chris Carson
- 20 Sep 2013 07:55
- 219 of 314
Noticed NT went short @ 409 target 350 stop 420 interesting to see who will be right :O)
skinny
- 20 Sep 2013 09:37
- 220 of 314
Halfords upgraded by Citigroup
20th September 2013, 09:09
Citi’s analysts appear to be seeing some sense behind Halfords [LON:HFD] strategic changes, such as focusing on the more profitable areas such as car maintenance and cycling, and now believe the company is on track to deliver growth, albeit recognising that internal targets are focused on 2016 and beyond.
The broker has therefore increased its price target to 465 pence a share (from 325 pence) and upgraded its recommendation to ‘buy’ from ‘hold’.
“We have previously been Neutral on this stock as we believe that some of Halfords’ core categories are not sources of growth and that it will take time, capital expenditure and operating cost investments in order to overcome Halfords’ structural issues,” the broker said.
“These investments were announced at the strategic update in May. It is now clear that Halfords aim is to concentrate on growing Car Maintenance and Cycling categories, focusing on the highly profitable service element of the customer proposition.”
Of course, not all brokerage houses agree and it should come as no great surprise to note that only 31 per cent of brokers rate the shares as a ‘buy’, while 46 per cent rate them as a ‘hold’ and 23 per cent as a ‘sell’, according to Broker Forecasts consensus data.