Canaccord Genuity Reaffirms “Buy” Rating for Patisserie Holdings PLC (CAKE)

Patisserie Holdings PLC (LON:CAKE)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research report issued on Wednesday, May 17th. They presently have a GBX 405 ($5.12) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 25.00% from the company’s previous close.

Separately, FinnCap restated a “buy” rating and set a GBX 350 ($4.43) target price on shares of Patisserie Holdings PLC in a research note on Thursday, April 20th. Five research analysts have rated the stock with a buy rating, Patisserie Holdings PLC currently has an average rating of “Buy” and an average price target of GBX 388.33 ($4.91).

Analyst Recommendations for Patisserie Holdings PLC (LON:CAKE)

Shares of Patisserie Holdings PLC (LON:CAKE) traded up 0.78% during trading on Wednesday, reaching GBX 324.00. 155,639 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 342.55 and a 200 day moving average price of GBX 323.84. The stock’s market capitalization is GBX 324.00 million. Patisserie Holdings PLC has a 1-year low of GBX 252.31 and a 1-year high of GBX 380.75.

The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 1st will be given a GBX 1.20 ($0.02) dividend. The ex-dividend date is Thursday, June 1st. This represents a dividend yield of 0.35%.

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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 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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