Peel Hunt Reiterates “Buy” Rating for Card Factory PLC (CARD)

Card Factory PLC (LON:CARD)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a report released on Wednesday, reports. They presently have a GBX 500 ($6.53) price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 61.03% from the stock’s current price.

CARD has been the subject of several other reports. Liberum Capital dropped their price target on Card Factory PLC from GBX 340 ($4.44) to GBX 310 ($4.05) and set a “hold” rating for the company in a research note on Thursday, August 18th. Investec restated a “buy” rating and issued a GBX 395 ($5.16) price target on shares of Card Factory PLC in a research note on Tuesday.

Shares of Card Factory PLC (LON:CARD) opened at 310.50 on Wednesday. The stock has a 50 day moving average of GBX 300.45 and a 200 day moving average of GBX 331.65. The company’s market cap is GBX 1.06 billion. Card Factory PLC has a 1-year low of GBX 267.64 and a 1-year high of GBX 400.00.

The company also recently disclosed a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, October 20th will be issued a dividend of GBX 17.80 ($0.23) per share. This represents a dividend yield of 5.73%. This is a boost from Card Factory PLC’s previous dividend of $6.00. The ex-dividend date is Thursday, October 20th.

About Card Factory PLC

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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