Card Factory (LON:CARD) Sets New 12-Month High at $132.40

Card Factory plc (LON:CARD) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 132.40 ($1.75) and last traded at GBX 130.93 ($1.73), with a volume of 738723 shares changing hands. The stock had previously closed at GBX 129.40 ($1.71).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Berenberg Bank started coverage on Card Factory in a research report on Wednesday, July 3rd. They issued a “buy” rating and a GBX 154 ($2.03) target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 185 ($2.44) price objective on shares of Card Factory in a research note on Monday, July 8th.

Card Factory Trading Up 1.2 %

The stock has a market cap of £455.13 million, a price-to-earnings ratio of 924.29, a P/E/G ratio of 0.84 and a beta of 2.06. The business has a 50-day simple moving average of GBX 119.42 and a two-hundred day simple moving average of GBX 104.66. The company has a debt-to-equity ratio of 46.23, a current ratio of 0.60 and a quick ratio of 0.20.

Insiders Place Their Bets

In other Card Factory news, insider Matthias Seeger acquired 39,226 shares of the company’s stock in a transaction on Monday, June 24th. The stock was acquired at an average price of GBX 96 ($1.27) per share, for a total transaction of £37,656.96 ($49,744.99). Company insiders own 14.52% 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.