The stock of Card Factory PLC (LON:CARD) hit a new 52-week low and has GBX 239.12 target or 7.00% below today’s GBX 257.12 share price. The 6 months bearish chart indicates high risk for the GBX 878.62 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 239.12 price target is reached, the company will be worth GBX 61.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.67% or GBX 4.22 on November 10, hitting GBX 257.12. About 5.49M shares traded hands or 791.06% up from the average. Card Factory PLC (LON:CARD) has declined 28.64% since April 13, 2016 and is downtrending. It has underperformed by 34.29% the S&P500.
Card Factory PLC (LON:CARD) Ratings Coverage
Out of 5 analysts covering Card Factory Plc (LON:CARD), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Card Factory Plc has been the topic of 44 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Card Factory PLC (LON:CARD) has “Buy” rating given on Wednesday, January 27 by Investec. On Thursday, July 23 the stock rating was maintained by Investec with “Buy”. Liberum Capital downgraded the shares of CARD in a report on Tuesday, July 5 to “Hold” rating. The stock of Card Factory PLC (LON:CARD) has “Buy” rating given on Tuesday, December 15 by Investec. Peel Hunt maintained Card Factory PLC (LON:CARD) on Tuesday, April 5 with “Buy” rating. Peel Hunt maintained the stock with “Buy” rating in Monday, February 22 report. Investec maintained the shares of CARD in a report on Tuesday, August 11 with “Buy” rating. The stock of Card Factory PLC (LON:CARD) has “Neutral” rating given on Monday, August 10 by Nomura. The stock of Card Factory PLC (LON:CARD) earned “Buy” rating by Investec on Friday, March 4. Liberum Capital maintained Card Factory PLC (LON:CARD) rating on Thursday, November 12. Liberum Capital has “Buy” rating and GBX 450 price target.
Another recent and important Card Factory PLC (LON:CARD) news was published by Fool.Co.Uk which published an article titled: “Why Carpetright plc, Card Factory PLC & Dixons Carphone PLC Are Great Growth …” on January 26, 2016.
Card Factory plc is a specialist retailer of greeting cards, dressings and gifts. The company has a market cap of 878.62 million GBP. The Firm operates through two divisions: Card Factory and Getting Personal. It has a 12.75 P/E ratio. The Card Factory segment retails greeting cards, dressing and gifts in the United Kingdom through a network of stores.
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