Card Factory PLC (CARD) Earns “Buy” Rating from Investec

Investec reiterated their buy rating on shares of Card Factory PLC (LON:CARD) in a report released on Thursday. The firm currently has a GBX 405 ($5.27) price objective on the stock.

CARD has been the topic of several other research reports. Peel Hunt restated a buy rating and issued a GBX 400 ($5.21) target price on shares of Card Factory PLC in a report on Tuesday, August 1st. Liberum Capital restated a buy rating and issued a GBX 345 ($4.49) target price on shares of Card Factory PLC in a report on Thursday, May 25th. Finally, UBS AG lowered shares of Card Factory PLC to a neutral rating and boosted their target price for the company from GBX 295 ($3.84) to GBX 320 ($4.17) in a report on Tuesday, May 9th.

Shares of Card Factory PLC (LON:CARD) opened at 322.30 on Thursday. Card Factory PLC has a 52-week low of GBX 232.00 and a 52-week high of GBX 343.00. The company has a 50 day moving average of GBX 303.01 and a 200-day moving average of GBX 294.53. The company’s market cap is GBX 1.10 billion.

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In related news, insider Karen Hubbard purchased 13,456 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of GBX 296 ($3.85) per share, with a total value of £39,829.76 ($51,868.42). Also, insider Darren Bryant sold 4,000,000 shares of Card Factory PLC stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of GBX 329 ($4.28), for a total transaction of £13,160,000 ($17,137,648.13).

About Card Factory PLC

Card Factory plc is a specialist retailer of greeting cards, dressings and gifts. The Company operates through two segments: Card Factory and Getting Personal. The Card Factory segment retails greeting cards, dressing and gifts in the United Kingdom through a network of stores. The Getting Personal segment is an online retailer of personalized cards and gifts.

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