Following the recent 1H Results we are upgrading our recommendation from Hold to Buy. This reflects valuation, the financial disciplines being brought to bear as the company mitigates difficult trading conditions as it is investing and mainly our view that Halfords is beginning to see the benefits of work to make it more future-ready. The re-launch of the suite of group web sites onto an integrated platform in 4Q should help the improvements to date transition from AutoCentres to the Retail b

15 Nov 2019
Early encouragement

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Early encouragement
Halfords Group Plc (HFD:LON) | 186 0.2 0.1% | Mkt Cap: 406.2m
- Published:
15 Nov 2019 -
Author:
Tony Shiret -
Pages:
11 -
Following the recent 1H Results we are upgrading our recommendation from Hold to Buy. This reflects valuation, the financial disciplines being brought to bear as the company mitigates difficult trading conditions as it is investing and mainly our view that Halfords is beginning to see the benefits of work to make it more future-ready. The re-launch of the suite of group web sites onto an integrated platform in 4Q should help the improvements to date transition from AutoCentres to the Retail b