Halfords' share price bordering two year low - BikeBiz

Halfords' share price bordering two year low

Experts suggest the retail giant's troubles may not be over yet
Publish date:

Halfords' shares bordered a two year low this weekend and experts are forecasting the retail giant's recent decline could only just be beginning.

A sharp dip in value this month has current share price sat at around 380.73, substantially below its August 2015 high of 563.51.

On the back of like for like cycling revenue decline of 11 per cent in Q2, newly appointed chief executive Jill McDonald said at the time: "This recent weakness in our Cycling sales is disappointing, but it comes after two years of very strong growth in the category and has been partly offset by strong growth in both Car Maintenance and Car Enhancement sales, which is a testament to the balanced nature of the business."

Analysts with Liberium Capital have indicated a further slump is expected and by as much as 21.4%, according to Director's Talk.

Featured Jobs


Senior Sales Executive

BikeExchange I UK I Salary TBC Depending on level of experience I Date published Tuesday 31st July 2018

bespoke biking promo

Bike Project Manager

Bespoke Biking CIC I The Bike Hub Winchester I Salary: £20-25k DOE I Date Published Tuesday 24th July 2018


Technical Service Mechanic

Canyon Bicycles UK Ltd I Kingston upon Thames I Competitive Salary I Date Published Monday 6th August 2018

webuycycle promo

Business Manager

Bikeworks Derby/Webuycycle I Derby I Salary: Competitive but Negotiable DOE I Date Published Wednesday 15th August 2018

giant promo

Credit Controller

Giant Bicycles I Leicester I Salary: Competitive Salary Experience Depending I Date Published Wednesday 8th August 2018