Card Factory (CARD) Hits New 1-Year Low Following Analyst Downgrade

Card Factory PLC (LON:CARD)’s share price reached a new 52-week low during 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 changing hands. The stock had previously closed at GBX 225.80 ($3.06).

A number of other research firms also recently weighed in on CARD. Liberum Capital restated a “buy” rating and issued a GBX 365 ($4.95) price target on shares of Card Factory in a research note on Tuesday, September 26th. Investec restated a “buy” rating and issued a GBX 320 ($4.34) price target on shares of Card Factory in a research note on Thursday.

The company has a market cap of $932.86 and a PE 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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