Card Factory (LON:CARD) Earns “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Card Factory (LON:CARD) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a GBX 185 ($2.37) price objective on the stock.

Separately, Berenberg Bank began coverage on shares of Card Factory in a research note on Wednesday, July 3rd. They issued a buy rating and a GBX 154 ($1.97) target price on the stock.

Card Factory Trading Up 2.9 %

Shares of Card Factory stock opened at GBX 99.80 ($1.28) on Monday. Card Factory has a 52-week low of GBX 79.60 ($1.02) and a 52-week high of GBX 119.80 ($1.53). The firm has a market capitalization of £344.95 million, a PE ratio of 712.86, a price-to-earnings-growth ratio of 0.84 and a beta of 2.00. The company has a debt-to-equity ratio of 46.23, a current ratio of 0.60 and a quick ratio of 0.20. The company’s fifty day moving average price is GBX 97.45 and its two-hundred day moving average price is GBX 96.99.

Card Factory Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were issued a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date was Thursday, May 30th. This represents a dividend yield of 4.47%. Card Factory’s payout ratio is presently 3,571.43%.

Insider Transactions at Card Factory

In other news, insider Matthias Seeger acquired 39,226 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was bought at an average price of GBX 96 ($1.23) per share, with a total value of £37,656.96 ($48,234.87). In related news, insider Darcy Willson Rymer purchased 92,371 shares of Card Factory stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of GBX 97 ($1.24) per share, for a total transaction of £89,599.87 ($114,768.63). Also, insider Matthias Seeger acquired 39,226 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were bought at an average cost of GBX 96 ($1.23) per share, for a total transaction of £37,656.96 ($48,234.87). 7.13% of the stock is owned by 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.