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

Key Points

• Card Factory's share price has surged above its 50-day moving average of GBX 94.78, reaching as high as GBX 106.80 during trading.
• Analysts have issued mixed ratings for Card Factory, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 150, while others suggest a hold with a price objective of GBX 110.
• Insider transactions have been notable, with insiders acquiring a total of 77,130 shares valued at approximately £7.4 million over the past 90 days.

Card Factory plc (LON:CARD - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 94.78 ($1.28) and traded as high as GBX 106.80 ($1.44). Card Factory shares last traded at GBX 106 ($1.43), with a volume of 514,020 shares changing hands.

Analyst Upgrades and Downgrades

CARD has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 150 price target on shares of Card Factory in a research note on Tuesday, July 29th. Peel Hunt reaffirmed a "hold" rating and set a GBX 110 price target on shares of Card Factory in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 148.33.

Card Factory Stock Performance

The stock's fifty day moving average is GBX 95.24 and its two-hundred day moving average is GBX 92.27. The firm has a market capitalization of £361.93 million, a price-to-earnings ratio of 8.82, 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 quick ratio of 0.20 and a current ratio of 1.10.

Insiders Place Their Bets

In other news, insider Matthias Seeger purchased 20,465 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average cost of GBX 97 per share, with a total value of £19,851.05. Also, insider Darcy Willson Rymer purchased 52,370 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of GBX 95 per share, with a total value of £49,751.50. Over the last ninety days, insiders have purchased 77,130 shares of company stock valued at $7,376,870. Company insiders own 14.41% of the company's stock.

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.