Headlam Group (LON:HEAD) Given New GBX 100 Price Target at Peel Hunt

Headlam Group (LON:HEAD) had its target price reduced by research analysts at Peel Hunt from GBX 150 to GBX 100 in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s price target points to a potential upside of 98.85% from the company’s current price.

Headlam Group Price Performance

HEAD stock opened at GBX 50.29 on Wednesday. The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29. The firm has a market capitalization of £40.36 million, a price-to-earnings ratio of -0.88 and a beta of 1.42. The firm has a 50 day moving average price of GBX 58.02 and a 200-day moving average price of GBX 77.18. Headlam Group has a 52-week low of GBX 46.85 and a 52-week high of GBX 149.

Headlam Group (LON:HEAD) last announced its quarterly earnings data on Tuesday, September 16th. The company reported GBX (19) earnings per share (EPS) for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. Equities research analysts forecast that Headlam Group will post 7.3753605 EPS for the current fiscal year.

Headlam Group Company Profile

Headlam is the UK’s leading floorcovering distributor. Operating for over 30 years, the Company has expanded to a network of c. 2,030 people, 17 distribution branches, and 76 trade counters.

The Company works with suppliers across the globe manufacturing the broadest range of products, and gives them a highly effective route to market, selling their products to the large and diverse trade customer base.

The Company has an extensive customer base spanning independent and multiple retailers, small and large contractors, and house builders.