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Card Factory ( (GB:CARD) ) has provided an update.
Card Factory plc 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 and reflects its strategy to manage capital efficiently. The transaction details indicate a volume-weighted average price of 98.3134 pence per share, with the highest price paid being 99.80 pence and the lowest 97.40 pence. This action impacts the company’s share capital structure, with 1,090,000 shares now held in treasury, and provides shareholders with updated information for calculating their interests under the FCA’s 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. The company focuses on providing a wide range of products for various occasions, catering to the needs of customers looking for quality and affordable celebration items.
Average Trading Volume: 953,400
Technical Sentiment Signal: Buy
Current Market Cap: £345.9M
For detailed information about CARD stock, go to TipRanks’ Stock Analysis page.