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Card Factory Acquires Funky Pigeon to Boost Digital Strategy

Story Highlights
  • Card Factory acquires Funky Pigeon for £24 million to enhance its digital strategy.
  • The acquisition is expected to improve online presence and deliver strong shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Card Factory Acquires Funky Pigeon to Boost Digital Strategy

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The latest update is out from Card Factory ( (GB:CARD) ).

Card Factory has announced its acquisition of Funky Pigeon from WH Smith PLC for £24 million, a move that accelerates its digital and omnichannel strategy. This acquisition is expected to enhance Card Factory’s online presence, making it the second largest online card and gift retailer in the UK. The integration of Funky Pigeon’s technology platform will drive operational efficiencies and improve customer experience, with anticipated earnings enhancement and synergy benefits exceeding £5 million annually. The acquisition will be funded through existing debt facilities, with minimal impact on leverage, and is expected to deliver strong returns for shareholders.

The most recent analyst rating on (GB:CARD) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Card Factory stock, see the GB:CARD Stock Forecast page.

Spark’s Take on GB:CARD Stock

According to Spark, TipRanks’ AI Analyst, GB:CARD is a Outperform.

The overall stock score for Card Factory is driven by strong financial performance and attractive valuation, offering robust growth and income potential. Technical analysis shows some short-term challenges, but the long-term outlook remains positive due to strategic initiatives and market confidence.

To see Spark’s full report on GB:CARD stock, click here.

More about Card Factory

Card Factory is the UK’s leading specialist retailer of greeting cards, gifts, and celebration essentials. The company focuses on providing a wide range of products for various celebration occasions, with a strong emphasis on both in-store and digital sales channels.

Average Trading Volume: 1,187,636

Technical Sentiment Signal: Sell

Current Market Cap: £311.5M

See more data about CARD stock on TipRanks’ Stock Analysis page.

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