Canaccord Genuity Group Reaffirms Buy Rating for Card Factory (LON:CARD)

Card Factory (LON:CARD)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 185 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 82.81% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 150 price objective on shares of Card Factory in a research note on Tuesday, July 29th. Peel Hunt reissued a “hold” rating and set a GBX 110 price objective on shares of Card Factory in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Card Factory has an average rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Stock Performance

LON CARD opened at GBX 101.20 on Thursday. 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 company has a fifty day simple moving average of GBX 103.75 and a 200 day simple moving average of GBX 95.21. Card Factory has a 12-month low of GBX 73 and a 12-month high of GBX 115.70. The company has a market cap of £355.50 million, a P/E ratio of 738.69, a PEG ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last issued 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%. Sell-side analysts predict that Card Factory will post 15.8347676 earnings per share for the current fiscal year.

Insider Activity at Card Factory

In other news, insider Darcy Willson Rymer bought 52,370 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were acquired at an average cost of GBX 95 per share, with a total value of £49,751.50. 4.41% of the stock is owned by company insiders.

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.