Card Factory (LON:CARD) Stock Price Down 27.4% – Here’s What Happened

Card Factory plc (LON:CARD)’s share price fell 27.4% during mid-day trading on Saturday . The stock traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares were traded 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

CARD has been the topic of several research analyst reports. Peel Hunt reiterated a “hold” rating and set a GBX 110 price target on shares of Card Factory in a research note on Tuesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 185 price objective on shares of Card Factory in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 148.33.

Card Factory Stock Down 27.4%

The business’s fifty day moving average price is GBX 97.62 and its 200 day moving average price is GBX 98.05. The firm has a market capitalization of £244.43 million, a price-to-earnings ratio of 5.69, a PEG ratio of 0.84 and a beta of 2.06. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13.

Card Factory (LON:CARD) last posted its quarterly earnings data on Tuesday, September 30th. The company reported GBX 2.80 EPS for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. On average, equities analysts expect that Card Factory plc will post 15.8347676 EPS 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.