Investec Reiterates “Buy” Rating for Patisserie Holdings PLC (CAKE)
Patisserie Holdings PLC (LON:CAKE)‘s stock had its “buy” rating reissued by equities research analysts at Investec in a research report issued to clients and investors on Tuesday. They currently have a GBX 400 ($4.96) target price on the stock. Investec’s price objective suggests a potential upside of 41.72% from the company’s previous close.
Separately, FinnCap restated a “buy” rating and set a GBX 350 ($4.34) price objective on shares of Patisserie Holdings PLC in a research note on Friday, November 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 379.25 ($4.70).
Shares of Patisserie Holdings PLC (LON:CAKE) opened at 282.25 on Tuesday. The company’s 50 day moving average is GBX 281.06 and its 200-day moving average is GBX 305.12. The stock’s market capitalization is GBX 282.25 million. Patisserie Holdings PLC has a 52 week low of GBX 252.31 and a 52 week high of GBX 483.02.
The business also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be paid a GBX 2 ($0.02) dividend. The ex-dividend date is Thursday, January 12th. This is a positive change from Patisserie Holdings PLC’s previous dividend of $1.00. This represents a dividend yield of 0.74%.
About Patisserie Holdings PLC
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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