Card Factory (LON:CARD) Shares Pass Above Fifty Day Moving Average - Time to Sell?

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 passed 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 traded.

Analysts Set New Price Targets

CARD has been the subject of a number of analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 150 price target on shares of Card Factory in a research report on Tuesday, July 29th. Peel Hunt reissued a "hold" rating and issued a GBX 110 price target on shares of Card Factory in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Card Factory currently has an average rating of "Moderate Buy" and an average target price of GBX 148.33.

Card Factory Trading Down 0.2%

The firm has a fifty day moving average of GBX 95.44 and a two-hundred day moving average of GBX 92.35. The company has a market cap of £361.23 million, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13.

Insider Transactions at Card Factory

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

About Card Factory

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.