Berenberg Bank Reaffirms “Buy” Rating for Card Factory (LON:CARD)

Card Factory (LON:CARD)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 150 ($1.99) price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 53.22% from the company’s previous close.

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

Card Factory Stock Performance

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

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 for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. As a group, equities analysts forecast that Card Factory will post 15.8347676 earnings per share for the current year.

Insider Activity at Card Factory

In related news, insider Darcy Willson Rymer sold 183,992 shares of the firm’s 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 firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of GBX 97 ($1.29) per share, for a total transaction of £19,851.05 ($26,320.67). In the last quarter, insiders purchased 77,130 shares of company stock worth $7,376,870. 14.41% 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.