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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Halfords Group plc    HFD   GB00B012TP20

HALFORDS GROUP PLC

(HFD)
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Halfords : forecasts 25% sales drop, tries to save cash

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03/25/2020 | 02:33am EDT
A Halfords sign is seen outside a store in London

British bicycles and car products retailer Halfords warned that it was likely that sales would drop sharply as a result of government measures to prevent the spread of coronavirus, prompting it to try to save cash.

The company said it would suspend its dividend and try to negotiate with landlords for rent relief, adding that it was confident that it could operate within its debt facilities.

Halfords said that it was planning for a sales decline of 25% during its new financial year which starts in April, with the April-June period worst affected.

"Given the rapidly changing situation, there is no certainty on the severity or duration of the impact on the business and so we are not providing formal profit guidance for FY21 at this time," Halfords said on Wednesday.

(Reporting by Sarah Young; editing by James Davey)

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Financials (GBP)
Sales 2020 1 113 M
EBIT 2020 53,8 M
Net income 2020 -
Debt 2020 83,8 M
Yield 2020 8,67%
P/E ratio 2020 4,05x
P/E ratio 2021 -28,1x
EV / Sales2020 0,21x
EV / Sales2021 0,23x
Capitalization 151 M
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Technical analysis trends HALFORDS GROUP PLC
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Mean consensus BUY
Number of Analysts 4
Average target price 125,00  GBp
Last Close Price 76,50  GBp
Spread / Highest target 96,1%
Spread / Average Target 63,4%
Spread / Lowest Target 30,7%
EPS Revisions
Managers
NameTitle
Graham Barry Stapleton Chief Executive Officer & Director
Keith Williams Non-Executive Chairman
Keith Jones Chief Operating Officer
Loraine Woodhouse Chief Financial Officer & Director
Neil Holden Director-Group Information Technology
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