Card Factory (LON:CARD) Cut to Hold at Peel Hunt

Card Factory (LON:CARD) was downgraded by stock analysts at Peel Hunt to a “hold” rating in a report released on Thursday, January 11th. They presently have a GBX 240 ($3.37) price target on the stock, down from their previous price target of GBX 400 ($5.62). Peel Hunt’s price objective indicates a potential upside of 25.00% from the company’s previous close.

CARD has been the subject of several other reports. Investec reiterated a “buy” rating and set a GBX 320 ($4.49) price target on shares of Card Factory in a research report on Thursday, January 11th. Liberum Capital dropped their price target on Card Factory from GBX 260 ($3.65) to GBX 240 ($3.37) and set a “hold” rating for the company in a research report on Thursday, January 11th.

Shares of Card Factory (LON:CARD) traded down GBX 1.80 ($0.03) during mid-day trading on Thursday, hitting GBX 192 ($2.70). The stock had a trading volume of 749,183 shares, compared to its average volume of 1,170,000. Card Factory has a twelve month low of GBX 190.50 ($2.68) and a twelve month high of GBX 358.80 ($5.04). The firm has a market cap of $661.75 and a P/E ratio of 1,066.67.

In other news, insider Roger Whiteside purchased 22,520 shares of the company’s stock in a transaction that occurred on Monday, January 15th. The stock was purchased at an average cost of GBX 220 ($3.09) per share, for a total transaction of £49,544 ($69,574.50).

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About Card Factory

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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