PxPixel
Halfords is "safe port in a storm", says analyst - BikeBiz

Halfords is "safe port in a storm", says analyst

Sales of sat-nav and iPod connection kits have helped Halfords to report better-than-average retail sales for a High Street player. Sales of its own-brand bikes have also been strong. The company will release its full-year results on Thursday and because it faces few "strategic challenges", a City analyst firm believes shares in Halfords represent an "attractive investment."
Author:
Publish date:

Halfords is expected to post pre-tax profits of £77m, less than last year despite higher sales.

Margins may be down but analysts are impressed with Halfords' performance because most other High St. players are still in the doldrums.

Analyst Morgan Stanley says Halfords has good value stock and is a “safe port in a storm”.

An investment statement from Morgan Stanley said: “We believe [Halfords] represents an attractive investment for those looking for low-risk exposure to the sector.”

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018