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 brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 43.49% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Investec restated a “buy” rating and issued a GBX 400 ($4.96) price objective on shares of Patisserie Holdings PLC in a research report on Tuesday. FinnCap restated a “buy” rating and issued a GBX 350 ($4.34) price objective on shares of Patisserie Holdings PLC in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus 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 stock has a 50 day moving average price of GBX 281.06 and a 200-day moving average price of 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’s market capitalization is GBX 282.25 million.
The company also recently announced a dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 12th will be issued a dividend of GBX 2 ($0.02) per share. This represents a yield of 0.74%. The ex-dividend date of this dividend is Thursday, January 12th. This is a boost from Patisserie Holdings PLC’s previous dividend of $1.00.
COPYRIGHT VIOLATION WARNING: “Patisserie Holdings PLC (CAKE) PT Raised to GBX 405 at Canaccord Genuity” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2016/12/01/patisserie-holdings-plc-cake-pt-raised-to-gbx-405-at-canaccord-genuity.html.
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.
Receive News & Stock Ratings for Patisserie Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patisserie Holdings PLC and related stocks with our FREE daily email newsletter.