Card Factory (LON:CARD) Receives New Coverage from Analysts at Berenberg Bank

Berenberg Bank assumed coverage on shares of Card Factory (LON:CARD) in a research note released on Wednesday, Digital Look reports. The firm issued a buy rating and a GBX 154 ($1.95) price target on the stock.

Card Factory Price Performance

Shares of CARD stock opened at GBX 96.04 ($1.21) on Wednesday. The company has a debt-to-equity ratio of 46.23, a quick ratio of 0.20 and a current ratio of 0.60. Card Factory has a fifty-two week low of GBX 79.60 ($1.01) and a fifty-two week high of GBX 119.80 ($1.52). The firm has a market cap of £331.94 million, a P/E ratio of 685.97, a P/E/G ratio of 0.84 and a beta of 2.00. The business’s 50 day moving average price is GBX 98.03 and its 200-day moving average price is GBX 97.27.

Card Factory Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were given a dividend of GBX 4.50 ($0.06) per share. This represents a yield of 4.47%. The ex-dividend date of this dividend was Thursday, May 30th. Card Factory’s payout ratio is currently 3,571.43%.

Insider Transactions at Card Factory

In related news, insider Matthias Seeger purchased 39,226 shares of Card Factory stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of GBX 96 ($1.21) per share, for a total transaction of £37,656.96 ($47,630.86). In other news, insider Matthias Seeger bought 39,226 shares of the stock in a transaction dated Monday, June 24th. The stock was bought at an average price of GBX 96 ($1.21) per share, for a total transaction of £37,656.96 ($47,630.86). Also, insider Darcy Willson Rymer purchased 92,371 shares of Card Factory stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average cost of GBX 97 ($1.23) per share, for a total transaction of £89,599.87 ($113,331.48). Corporate insiders own 7.13% of the company’s stock.

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.