Card Factory (LON:CARD) Cut to Hold at Berenberg Bank

Card Factory (LON:CARD) was downgraded by analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 80 price objective on the stock, down from their prior price objective of GBX 110. Berenberg Bank’s price objective points to a potential upside of 18.75% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 150 price objective on shares of Card Factory in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Card Factory has a consensus rating of “Hold” and an average price target of GBX 113.33.

Card Factory Price Performance

CARD opened at GBX 67.37 on Friday. The stock has a fifty day moving average of GBX 65.54 and a 200-day moving average of GBX 74.92. The firm has a market capitalization of £233.02 million, a P/E ratio of 7.57, a PEG ratio of 0.84 and a beta of 1.25. Card Factory has a 12-month low of GBX 58.30 and a 12-month high of GBX 115.70. The company has a quick ratio of 0.20, a current ratio of 0.89 and a debt-to-equity ratio of 9.68.

Card Factory (LON:CARD) last released its earnings results on Tuesday, April 28th. The company reported GBX 11.80 earnings per share (EPS) for the quarter. The company had revenue of £582.70 million during the quarter. Card Factory had a return on equity of 9.00% and a net margin of 5.35%. Equities analysts forecast that Card Factory will post 15.8347676 EPS for the current fiscal year.

Insider Buying and Selling at Card Factory

In related news, insider Darcy Willson Rymer sold 91,998 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of GBX 66, for a total transaction of £60,718.68. Also, insider Pamela Powell acquired 11,853 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of GBX 67 per share, with a total value of £7,941.51. 4.50% of the stock is currently owned by company insiders.

About Card Factory

Card Factory plc operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally. It operates through five segments: Cardfactory Stores, Cardfactory Online, Getting Personal, Partnerships, and Printcraft. The company provides greeting cards, celebration accessories, and gifts through cardfactory stores, cardfactory online retails, and network of third-party retail partners; and personalised cards and gifts through online retailer, as well as manufactures and sells greeting cards and personalised gifts through its stores and online businesses.