Card Factory (LON:CARD) Earns Buy Rating from Berenberg Bank

Card Factory (LON:CARD)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a GBX 150 ($1.99) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 53.22% from the stock’s previous close.

Separately, Peel Hunt reissued a “hold” rating and issued a GBX 110 ($1.46) price objective on shares of Card Factory in a research report on Tuesday.

Card Factory Stock Performance

Shares of Card Factory stock opened at GBX 97.90 ($1.30) on Tuesday. Card Factory has a one year low of GBX 73 ($0.97) and a one year high of GBX 144.25 ($1.91). The business has a 50-day simple moving average of GBX 92.04 and a 200-day simple moving average of GBX 90.95. The company has a debt-to-equity ratio of 39.13, a quick ratio of 0.20 and a current ratio of 1.10. The company has a market cap of £340.70 million, a PE ratio of 8.30, a P/E/G ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last released its quarterly earnings results on Wednesday, May 7th. The company reported GBX 14.30 ($0.19) earnings per share (EPS) for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. On average, equities research analysts forecast that Card Factory will post 15.8347676 EPS for the current fiscal year.

Insider Activity

In other news, insider Darcy Willson Rymer sold 183,992 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of GBX 93 ($1.23), for a total value of £171,112.56 ($226,879.55). Also, insider Matthias Seeger acquired 20,465 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of GBX 97 ($1.29) per share, for a total transaction of £19,851.05 ($26,320.67). Over the last quarter, insiders acquired 77,130 shares of company stock valued at $7,376,870. Corporate insiders own 14.41% of the company’s stock.

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.