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

Key Points

• Card Factory plc's stock has recently surpassed its 50-day moving average of GBX 93.50, trading as high as GBX 106.20, suggesting potential bullish momentum.
• Brokerages have set diverse price targets for Card Factory, with Peel Hunt maintaining a "hold" rating at GBX 110, while Berenberg Bank offers a more optimistic "buy" rating with a target of GBX 150.
• Insider activity indicates mixed sentiment, as one insider sold 60,661 shares at an average price of GBX 95, while another purchased 20,465 shares at GBX 97, reflecting differing confidence levels among company executives.

Card Factory plc (LON:CARD - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 93.50 ($1.26) and traded as high as GBX 106.20 ($1.43). Card Factory shares last traded at GBX 103.80 ($1.40), with a volume of 348,653 shares.

Analysts Set New Price Targets

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

Card Factory Stock Performance

The company has a market capitalization of £370.97 million, a price-to-earnings ratio of 9.04, a PEG ratio of 0.84 and a beta of 2.06. The stock has a 50-day moving average price of GBX 94.37 and a 200-day moving average price of GBX 91.96. The company has a debt-to-equity ratio of 39.13, a current ratio of 1.10 and a quick ratio of 0.20.

Insider Buying and Selling at Card Factory

In related news, insider Matthias Seeger bought 20,465 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of GBX 97 per share, for a total transaction of £19,851.05. Also, insider Darcy Willson Rymer acquired 52,370 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of GBX 95 per share, with a total value of £49,751.50. Insiders have acquired a total of 77,130 shares of company stock valued at $7,376,870 in the last ninety days. 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.