Card Factory (LON:CARD) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Card Factory (LON:CARD) in a report issued on Monday morning, MarketBeat Ratings reports. They currently have a GBX 185 ($2.37) price objective on the stock.

Separately, Berenberg Bank began coverage on Card Factory in a research report on Wednesday, July 3rd. They set a buy rating and a GBX 154 ($1.97) target price for the company.

Card Factory Trading Up 2.9 %

LON CARD opened at GBX 99.80 ($1.28) on Monday. The business has a fifty day simple moving average of GBX 97.45 and a 200 day simple moving average of GBX 96.99. The firm has a market capitalization of £344.95 million, a P/E ratio of 712.86, a PEG ratio of 0.84 and a beta of 2.00. The company has a current ratio of 0.60, a quick ratio of 0.20 and a debt-to-equity ratio of 46.23. Card Factory has a 12 month low of GBX 79.60 ($1.02) and a 12 month high of GBX 119.80 ($1.53).

Card Factory Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were paid 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 currently 3,571.43%.

Insider Activity at Card Factory

In other news, insider Darcy Willson Rymer sold 121,319 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of GBX 90 ($1.15), for a total transaction of £109,187.10 ($139,857.95). In other Card Factory news, insider Matthias Seeger purchased 39,226 shares of the company’s stock in a transaction that occurred 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). Also, insider Darcy Willson Rymer sold 121,319 shares of Card Factory stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of GBX 90 ($1.15), for a total transaction of £109,187.10 ($139,857.95). 7.13% of the stock is 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.