Card Factory (LON:CARD) Receives “Buy” Rating from Canaccord Genuity Group

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

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

Card Factory Stock Performance

Shares of LON CARD opened at GBX 112.80 ($1.51) on Tuesday. The company has a debt-to-equity ratio of 46.23, a quick ratio of 0.20 and a current ratio of 0.60. The stock has a 50 day moving average price of GBX 122.64 and a 200 day moving average price of GBX 105.90. The stock has a market capitalization of £392.10 million, a PE ratio of 805.71, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. Card Factory has a 52 week low of GBX 88.10 ($1.18) and a 52 week high of GBX 144.25 ($1.93).

Card Factory Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 1.20 ($0.02) per share. 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 (DPR) is currently 3,571.43%.

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.