Peel Hunt Downgrades Card Factory (CARD) to Hold

Card Factory (LON:CARD) was downgraded by analysts at Peel Hunt to a “hold” rating in a research report issued on Thursday. They presently have a GBX 240 ($3.25) price objective on the stock, down from their previous price objective of GBX 400 ($5.42). Peel Hunt’s price objective would indicate a potential upside of 0.93% from the stock’s current price.

Several other research firms have also recently issued reports on CARD. Liberum Capital reiterated a “buy” rating and set a GBX 365 ($4.95) target price on shares of Card Factory in a research report on Tuesday, September 26th. Investec reiterated a “buy” rating and set a GBX 320 ($4.34) target price on shares of Card Factory in a research report on Thursday.

Shares of Card Factory (CARD) opened at GBX 237.80 ($3.22) on Thursday. Card Factory has a 1 year low of GBX 232 ($3.15) and a 1 year high of GBX 358.80 ($4.87). The stock has a market capitalization of $977.94 and a PE ratio of 1,321.11.

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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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