Berenberg Bank Reiterates “Buy” Rating for Patisserie (CAKE)
Patisserie (LON:CAKE)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Tuesday. They presently have a GBX 400 ($5.36) price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 9.82% from the stock’s previous close.
A number of other research firms have also recently weighed in on CAKE. Peel Hunt reissued an “add” rating and set a GBX 425 ($5.69) price objective on shares of Patisserie in a report on Wednesday, October 25th. Canaccord Genuity lifted their target price on shares of Patisserie from GBX 405 ($5.42) to GBX 470 ($6.29) and gave the company a “buy” rating in a report on Monday. Finally, FinnCap reaffirmed a “buy” rating and issued a GBX 360 ($4.82) target price on shares of Patisserie in a report on Monday, October 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 413.75 ($5.54).
Shares of Patisserie (LON CAKE) opened at GBX 364.23 ($4.88) on Tuesday. Patisserie has a 1-year low of GBX 263.75 ($3.53) and a 1-year high of GBX 380.75 ($5.10).
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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 across the United Kingdom. The Company’s segments include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts. It offers products, such as coffee, dairy, fruit, packaging, cocoa and wheat items.
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