Mark Watson-Mitchell

Halfords Group (LON:HFD) – cracking interim results, but not unexpected

The Interim results from Halfords Group (LON:HFD) obviously pleased the market.

And why shouldn’t they?

The 26 weeks to 2 October showed a 9.6% jump in revenues to £638.9m and an underlying pre-tax profit up 116.2% at £56m. Earnings leapt 88.5% to 23p per share.

The group’s shares responded with a move up to 278p at one stage, before easing back to close that night at 250p.

They close the week at around 248p, a level that does not need to be chased too hard in pursuit of greater gains.

(Profile 02.07.20 @ 156.5p set a Target Price of 180p*)

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Opinions not advice

Halfords Group (LON:HFD) – cracking interim results, but not unexpected

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