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Change and uncertainty continuing to occur at Halfords...but remains a Buy for me

By Chris Bailey | Wednesday 29 November 2023

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Back in early September, I wrote about Halfords (HFD) that "compared to today’s c.190p share price, wake me up when the stock is back north of the 250p level….Buy". That was looking quite smart a week ago when the shares were lurking close to the 235p share price level, but is not looking so smart this morning with the shares falling back below 190p. What is going on in the world of "the UK's leading provider of cycling, motoring services, vehicle servicing and repairs”?

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