Card Factory (LON:CARD) Shares Down 27.4% – Time to Sell?

Card Factory plc (LON:CARD)’s stock price fell 27.4% during trading on Saturday . The company traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares traded hands during mid-day trading, an increase of 3,601% from the average session volume of 1,577,172 shares. The stock had previously closed at GBX 96.40.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CARD shares. Peel Hunt restated a “hold” rating and issued a GBX 110 price objective on shares of Card Factory in a research note on Tuesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 185 target price on shares of Card Factory in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Stock Performance

The firm has a fifty day simple moving average of GBX 97.62 and a 200 day simple moving average of GBX 98.04. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13. The stock has a market cap of £244.43 million, a price-to-earnings ratio of 5.69, a PEG ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last announced its quarterly earnings data on Tuesday, September 30th. The company reported GBX 2.80 earnings per share for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. As a group, sell-side analysts expect that Card Factory plc will post 15.8347676 earnings per share for the current year.

Card Factory Company Profile

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.