Headlam Group (LON:HEAD) Hits New 1-Year Low – What’s Next?

Headlam Group plc (LON:HEAD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 42 and last traded at GBX 42.30, with a volume of 96862 shares changing hands. The stock had previously closed at GBX 42.

Analysts Set New Price Targets

Separately, Peel Hunt dropped their price objective on Headlam Group from GBX 150 to GBX 100 and set a “hold” rating for the company in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 100.

Headlam Group Stock Performance

The stock has a 50-day moving average price of GBX 44.89 and a 200 day moving average price of GBX 53.94. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £32.83 million, a price-to-earnings ratio of -0.72 and a beta of 1.42.

About Headlam Group

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.