Card Factory (CARD) Reaches New 12-Month Low After Analyst Downgrade

Card Factory PLC (LON:CARD) shares reached a new 52-week low during mid-day trading on Thursday after Peel Hunt downgraded the stock to a hold rating. Peel Hunt now has a GBX 240 price target on the stock, down from their previous price target of GBX 400. Card Factory traded as low as GBX 220 ($2.98) and last traded at GBX 225.80 ($3.06), with a volume of 5548991 shares. The stock had previously closed at GBX 225.80 ($3.06).

Other analysts have also issued research reports about the stock. Investec reaffirmed a “buy” rating and set a GBX 320 ($4.34) price objective on shares of Card Factory in a report on Thursday. Liberum Capital dropped their price objective on shares of Card Factory from GBX 260 ($3.53) to GBX 240 ($3.25) and set a “hold” rating for the company in a report on Thursday.

The firm has a market cap of $945.87 and a price-to-earnings ratio of 1,254.44.

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Card Factory Company Profile

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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