Friday broker round-up
20th Jan 2017 09:51
(ShareCast News) - Whitbread: Barclays upgrades to Equal Weight with target price of 4150p. Inmarsat: Deutsche Bank reiterates Buy with a target price of 1020p. Halfords Group: HSBC reiterates Buy with a target price of 415p. Pets at Home: HSBC downgrades to Hold with a target price of 230p. Nati
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreDeutsche Bank downgrades Next, Halfords, Debenhams
3rd Jan 2017 08:42
(ShareCast News) - Deutsche Bank cut its stance on a number of UK retailers as it said demand is likely to soften in 2017. "Retail stocks are typically early-cycle but there are risks a prolonged downturn means many could be value traps, particularly as the sector is typically showing average rather
Read moreHSBC upgrades Halfords to 'buy' but cuts earnings estimates
15th Nov 2016 10:47
(ShareCast News) - HSBC upgraded Halfords from 'hold' to 'buy' on Tuesday but lowered its price target to 375p from 395p. The bank sees progress in the retailer's focus on the development of service-led competitive advantages in core categories, with core retail sales up 24% in the first half with
Read moreHalfords' revenues climbs but affected by weak pound
10th Nov 2016 07:41
(ShareCast News) - Bike and motor retailer Halfords' half year revenues were up, but it was affected by the recent weak sterling against the dollar. For the six months ended 30 September, like-for-like revenue grew 2.2% to £567.3m. LFL revenue for retail rose 2.4% to £489.1m and LFL revenue from au
Read moreHalfords revenues rise due to acquisition
6th Sep 2016 07:26
(ShareCast News) - Cycling and motoring retailer Halfords increased revenue due to growth in bike sales and a recent acquisition. For the five months ended 19 August, revenue increased by 4.8% as retail revenues rose 4.8% while those from autocentres jumped 4.6% when compared to the same period las
Read moreHalfords sales skid lower as cycling loses grip in wet weather
14th Jul 2016 07:58
(ShareCast News) - Like-for-like sales skidded lower at Halfords in the first quarter as the timing of Easter and dreary weather exacerbated the recent cycling decline. Group revenue in the 13-week period to 1 July increased 2.1%, as retail rose 1.5% and Autocentres climbed 5.9%. But group like-for
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreHalfords disappoints despite results beating forecasts
1st Jun 2016 07:08
(ShareCast News) - Halfords full year numbers were largely flat but ahead of market expectations as new chief executive Jill McDonald claimed to be making progress with her Moving Up A Gear strategy, announcing new capital and debt targets "to allow for appropriate M&A". Shares moved lower initially
Read moreWednesday preview: Halfords reports full year results
31st May 2016 13:12
(ShareCast News) - Halfords is expected to report a drop in full year pre-tax profit on Wednesday amid an overhaul of the business. The City has pencilled in an annual pre-tax profit of £80.5m, down from £81.1m the previous year. Chief executive Jill McDonald's turnaround plan 'Moving Up A Gear' wi
Read moreHalfords steps up cycling focus with twin acquisition
24th May 2016 08:29
(ShareCast News) - Halfords has acquired Swansea online bike sellers Tredz and Wheelies Direct for at least £18.4m cash. The FSTE 250 bikes and car accessories retail chain, which made the purchase using its existing borrowing facilities, said the acquisition will be earnings-enhancing from the firs
Read moreWednesday broker round-up
13th Apr 2016 15:24
(ShareCast News) - DCC: Exane BNP Paribas downgrades to neutral with a target price of 6200p. Cobham: Barclays upgrades to overweight with a target price of 255p. Bunzl: Exane BNP Paribas upgrades to outperform with a target price of 2275p. Asos: JP Morgan keeps at overweight with a target of 4000
Read moreHalfords FY sales driven up as dash cams prove popular
13th Apr 2016 07:52
(ShareCast News) - Car parts-to-bikes retailer Halfords said full year revenues rose 1.7%, driven by a strong final quarter where sales rose 3.2%. The company said it still expected group full year pre-tax profits to be in the range of £78m-82m. A strong demand for in-car dashboard cameras helped m
Read moreHalfords and N Brown sink as UBS turns cautious on UK general retail
21st Mar 2016 14:08
(ShareCast News) - Halfords and N Brown were under the cosh after UBS downgraded its stance on both stocks as it took a more cautious view on the UK general retail sector over the next 12 months. The bank said uncertainty over Brexit and wage inflation was compounded by FX issues and the increasing
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
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