Patisserie’s (CAKE) Under Review Rating Reiterated at Peel Hunt
Shares of LON CAKE opened at GBX 429.50 ($5.61) on Wednesday. Patisserie has a 52-week low of GBX 290 ($3.79) and a 52-week high of GBX 406 ($5.31).
In other news, insider Paul Edward May sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of GBX 418 ($5.46), for a total transaction of £4,180,000 ($5,461,910.36).
Patisserie Holdings plc, together with its subsidiaries, operates in the casual dining sector in the United Kingdom and the Republic of Ireland. The company's stores formats include cafés, concessions, brasseries, takeaways, kiosks, and an online channel. Its stores offer cakes, pastries, snacks, meals, and hot and cold drinks.
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