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Card Factory ( (GB:CARD) ) just unveiled an update.
Card Factory plc has announced the repurchase of 100,000 ordinary shares, which will be held in treasury. This move is part of the company’s share repurchase program, potentially impacting its share capital structure and providing flexibility in managing its capital. The shares were purchased at prices ranging from 97.20 to 98.90 pence, with a volume-weighted average price of 98.3061 pence. The announcement may influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:CARD) stock is a Buy with a £115.00 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.
Card Factory’s strong financial performance and attractive valuation are the primary drivers of its overall score. While technical indicators suggest some short-term weakness, the company’s robust profitability and appealing dividend yield support a positive outlook.
To see Spark’s full report on GB:CARD stock, click here.
More about Card Factory
Card Factory plc is the UK’s leading specialist retailer of greeting cards, gifts, and celebration essentials.
Average Trading Volume: 923,267
Technical Sentiment Signal: Buy
Current Market Cap: £339.4M
For a thorough assessment of CARD stock, go to TipRanks’ Stock Analysis page.