Barclays Maintains an 'Equalweight' on Vistaprint NV (VPRT); Acquires Albumprinter

Barclays maintains an 'Equalweight' on Vistaprint NV (NASDAQ: VPRT) price target of $29.00.

Barclays analyst says, "Vistaprint announced the acquisition of Albumprinter,
a privately held Dutch photo book/photo product company for 60M Euro or ~1.6x LTM revs and ~20x LTM earnings. This marks Vistaprint's first meaningful acquisition."

"While we view the Albumprinter acquisition as an incremental positive as it strengthens the company's consumer offering, helps diversify revenue, and signals a willingness of management to add strategic acquisitions as a growth driver, we remain cautious and maintain our rating given the uncertain outlook for margins and the recent turnover in senior management."

For more ratings news on Vistaprint NV click here and for the rating history of Vistaprint NV click here.

Shares of Vistaprint NV closed at $31.50 yesterday.

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