Card Factory (CARD) Given Neutral Rating at UBS

UBS reissued their neutral rating on shares of Card Factory (LON:CARD) in a report published on Friday morning, reports.

A number of other brokerages have also recently issued reports on CARD. Berenberg Bank initiated coverage on Card Factory in a report on Thursday, March 1st. They issued a hold rating and a GBX 200 ($2.81) target price for the company. Liberum Capital dropped their target price on Card Factory from GBX 260 ($3.65) to GBX 240 ($3.37) and set a hold rating for the company in a report on Thursday, January 11th. Peel Hunt reissued a buy rating and issued a GBX 400 ($5.61) target price on shares of Card Factory in a report on Friday, January 5th. Finally, Investec reissued a buy rating and issued a GBX 320 ($4.49) target price on shares of Card Factory in a report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Card Factory has an average rating of Hold and a consensus price target of GBX 264 ($3.71).

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Card Factory stock traded down GBX 4.10 ($0.06) during trading hours on Friday, hitting GBX 194.20 ($2.73). The stock had a trading volume of 1,078,005 shares, compared to its average volume of 720,150. Card Factory has a fifty-two week low of GBX 184.23 ($2.59) and a fifty-two week high of GBX 358.80 ($5.04).

In related news, insider Roger Whiteside bought 22,520 shares of the company’s stock in a transaction dated Monday, January 15th. The stock was acquired at an average cost of GBX 220 ($3.09) per share, with a total value of £49,544 ($69,545.20).

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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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