Card Factory (LON:CARD) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Card Factory plc shares have surpassed their 50-day moving average, reaching a price of GBX 102.60 ($1.39) during recent trading, indicating potential upward momentum.
• Analysts at Berenberg Bank and Peel Hunt have provided target prices of GBX 150 and GBX 110 respectively, affirming the stock's outlook with a consensus rating of "Moderate Buy."
• The company's debt-to-equity ratio is currently at 39.13, and it has a market capitalization of £360.27 million, signaling a stable financial position.

Card Factory plc (LON:CARD - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 96.13 ($1.29) and traded as high as GBX 104 ($1.40). Card Factory shares last traded at GBX 102.60 ($1.38), with a volume of 521,669 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CARD shares. Peel Hunt reiterated a "hold" rating and set a GBX 110 price target on shares of Card Factory in a research report on Tuesday, July 29th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 150 target price on shares of Card Factory in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Card Factory currently has an average rating of "Moderate Buy" and a consensus price target of GBX 148.33.

Card Factory Price Performance

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 firm has a market cap of £367.29 million, a price-to-earnings ratio of 763.50, a P/E/G ratio of 0.84 and a beta of 2.06. The company has a 50 day moving average of GBX 96.52 and a 200 day moving average of GBX 92.67.

Insider Activity at Card Factory

In related news, insider Darcy Willson Rymer bought 52,370 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of GBX 95 per share, for a total transaction of £49,751.50. 4.42% of the stock is currently owned by corporate insiders.

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.