Patisserie Holdings PLC (CAKE) PT Raised to GBX 405 at Canaccord Genuity
Patisserie Holdings PLC (LON:CAKE) had its target price lifted by research analysts at Canaccord Genuity from GBX 380 ($4.71) to GBX 405 ($5.02) in a research note issued on Tuesday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 43.49% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. FinnCap reiterated a “buy” rating and set a GBX 350 ($4.34) price target on shares of Patisserie Holdings PLC in a report on Tuesday. Investec reiterated a “buy” rating and set a GBX 400 ($4.96) price target on shares of Patisserie Holdings PLC in a report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Patisserie Holdings PLC presently has an average rating of “Buy” and an average target price of GBX 379.25 ($4.70).
Patisserie Holdings PLC (LON:CAKE) opened at 282.25 on Tuesday. The firm’s market capitalization is GBX 282.25 million. The stock’s 50 day moving average is GBX 281.06 and its 200-day moving average is GBX 305.12. Patisserie Holdings PLC has a 1-year low of GBX 252.31 and a 1-year high of GBX 483.02.
The company also recently announced a dividend, which will be paid on Friday, February 10th. Investors of record on Thursday, January 12th will be issued a GBX 2 ($0.02) dividend. This is a positive change from Patisserie Holdings PLC’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, January 12th. This represents a yield of 0.74%.
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Patisserie Holdings PLC Company Profile
Patisserie Holdings PLC is a United Kingdom-based cafe and casual dining company. The Company offers cakes, pastries, snacks, meals and hot and cold drinks from approximately 140 stores and Flour Power City Bakery in the United Kingdom. Its segments include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts.
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