Card Factory (LON:CARD) Shares Down 27.4% – Here’s Why

Card Factory plc (LON:CARD)’s stock price fell 27.4% on Saturday . The stock traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares changed hands during mid-day trading, an increase of 3,601% from the average session volume of 1,577,172 shares. The stock had previously closed at GBX 96.40.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 185 price target on shares of Card Factory in a report on Thursday, October 2nd. Peel Hunt reissued a “hold” rating and issued a GBX 110 price target on shares of Card Factory in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 148.33.

Card Factory Price Performance

The firm has a market cap of £244.43 million, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13. The company has a 50 day moving average price of GBX 97.62 and a 200 day moving average price of GBX 98.05.

Card Factory (LON:CARD) last posted its earnings results on Tuesday, September 30th. The company reported GBX 2.80 earnings per share for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. On average, sell-side analysts expect that Card Factory plc will post 15.8347676 EPS for the current year.

Card Factory Company Profile

Card Factory plc operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally. It operates through five segments: Cardfactory Stores, Cardfactory Online, Getting Personal, Partnerships, and Printcraft. The company provides greeting cards, celebration accessories, and gifts through cardfactory stores, cardfactory online retails, and network of third-party retail partners; and personalised cards and gifts through online retailer, as well as manufactures and sells greeting cards and personalised gifts through its stores and online businesses.