Patisserie Holdings PLC (CAKE) Stock Rating Reaffirmed by Canaccord Genuity

Patisserie Holdings PLC (LON:CAKE)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They currently have a GBX 405 ($5.06) target price on the stock. Canaccord Genuity’s price target suggests a potential upside of 20.72% from the stock’s previous close.

Several other equities research analysts have also commented on CAKE. FinnCap reissued a “buy” rating and set a GBX 350 ($4.37) price objective on shares of Patisserie Holdings PLC in a research note on Friday, November 4th. Investec reissued a “buy” rating and set a GBX 400 ($5.00) price objective on shares of Patisserie Holdings PLC in a research note on Tuesday, November 29th. Beaufort Securities reissued a “buy” rating on shares of Patisserie Holdings PLC in a research note on Wednesday, November 30th. Finally, Arden Partners Ltd reissued a “buy” rating on shares of Patisserie Holdings PLC in a research note on Wednesday, November 30th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 379.25 ($4.74).

Analyst Recommendations for Patisserie Holdings PLC (LON:CAKE)

Shares of Patisserie Holdings PLC (LON:CAKE) opened at 339.25 on Tuesday. The company has a 50 day moving average price of GBX 320.12 and a 200 day moving average price of GBX 304.20. Patisserie Holdings PLC has a 52 week low of GBX 252.31 and a 52 week high of GBX 393.00. The company’s market capitalization is GBX 339.25 million.

The firm also recently announced a dividend, which was paid on Friday, February 10th. Shareholders of record on Thursday, January 12th were issued a dividend of GBX 2 ($0.02) per share. This is a boost from Patisserie Holdings PLC’s previous dividend of $1.00. This represents a yield of 0.74%. The ex-dividend date of this dividend was Thursday, January 12th.

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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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