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Card Factory ( (GB:CARD) ) has shared an update.
Card Factory has announced a trading update highlighting that the ongoing pressures on UK consumers have led to lower than expected store sales during their key trading period. Despite these challenges, the company continues to execute its ‘Simplify and Scale’ strategy to improve productivity and efficiency amidst high inflation. The Board remains confident in the long-term strategy and plans to continue its share buyback program and declare a progressive full-year dividend.
The most recent analyst rating on (GB:CARD) stock is a Buy with a £111.00 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 overall stock score is driven by its strong financial performance and strategic share repurchase activities, which enhance shareholder value. The attractive valuation further supports the stock’s potential. Technical indicators are neutral, suggesting stability without significant upward or downward momentum.
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 occasions, catering primarily to the UK market while also operating in the Republic of Ireland and North America.
Average Trading Volume: 886,586
Technical Sentiment Signal: Buy
Current Market Cap: £338.2M
Learn more about CARD stock on TipRanks’ Stock Analysis page.