Card Factory (LON:CARD) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Card Factory (LON:CARD) in a report issued on Tuesday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 185 ($2.48) target price on the stock.

Separately, Berenberg Bank assumed coverage on Card Factory in a research note on Wednesday, July 3rd. They issued a buy rating and a GBX 154 ($2.06) price target on the stock.

Card Factory Stock Performance

CARD opened at GBX 105 ($1.41) on Tuesday. The business’s 50-day moving average price is GBX 122.84 and its two-hundred day moving average price is GBX 105.93. 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 £364.99 million, a price-to-earnings ratio of 750.00, a P/E/G ratio of 0.84 and a beta of 2.06. The company has a debt-to-equity ratio of 46.23, a current ratio of 0.60 and a quick ratio of 0.20.

Card Factory Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, October 31st will be paid a GBX 1.20 ($0.02) dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, October 31st. Card Factory’s dividend payout ratio is 3,571.43%.

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.