Card Factory plc (LON:CARD – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 106.28 ($1.39) and traded as low as GBX 89.50 ($1.17). Card Factory shares last traded at GBX 90.60 ($1.18), with a volume of 1,900,913 shares traded.
Analyst Ratings Changes
CARD has been the subject of several analyst reports. Berenberg Bank assumed coverage on Card Factory in a research report on Wednesday, July 3rd. They set a “buy” rating and a GBX 154 ($2.01) target price for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 185 ($2.42) price target on shares of Card Factory in a research note on Tuesday, September 24th.
Read Our Latest Research Report on Card Factory
Card Factory Price Performance
Card Factory Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 0.84%. Card Factory’s dividend payout ratio (DPR) is currently 5,000.00%.
Insider Activity
In related news, insider Pamela Powell acquired 4,766 shares of Card Factory stock in a transaction dated Tuesday, October 1st. The shares were purchased at an average cost of GBX 104 ($1.36) per share, with a total value of £4,956.64 ($6,472.50). Insiders own 14.41% 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.
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