Card Factory’s (CARD) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Card Factory (LON:CARD)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, LSE.Co.UK reports. They currently have a GBX 185 ($2.48) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 64.01% from the company’s current price.

Separately, Berenberg Bank started coverage on shares of Card Factory in a research report on Wednesday, July 3rd. They set a “buy” rating and a GBX 154 ($2.06) target price on the stock.

Card Factory Price Performance

Shares of CARD stock traded down GBX 30.20 ($0.40) on Tuesday, reaching GBX 112.80 ($1.51). The company’s stock had a trading volume of 14,459,293 shares, compared to its average volume of 1,210,984. The stock’s fifty day simple moving average is GBX 122.40 and its 200-day simple moving average is GBX 105.80. Card Factory has a 1 year low of GBX 88.10 ($1.18) and a 1 year high of GBX 144.25 ($1.93). The company has a market capitalization of £392.10 million, a price-to-earnings ratio of 805.71, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The company has a current ratio of 0.60, a quick ratio of 0.20 and a debt-to-equity ratio of 46.23.

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.