Card Factory (LON:CARD) Stock Price Down 27.4% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Card Factory Stock Down 27.4%

The company has a market cap of £244.43 million, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The company has a debt-to-equity ratio of 39.13, a current ratio of 1.10 and a quick ratio of 0.20. The stock has a fifty day moving average price of GBX 97.62 and a two-hundred day moving average price of GBX 98.05.

Card Factory (LON:CARD) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX 2.80 EPS for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. On average, research 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.