Patisserie (CAKE) Sets New 12-Month High at $383.00
Patisserie Holdings PLC (LON:CAKE) hit a new 52-week high on Wednesday . The stock traded as high as GBX 383 ($5.15) and last traded at GBX 378 ($5.09), with a volume of 26317 shares traded. The stock had previously closed at GBX 378 ($5.09).
Several equities research analysts have recently weighed in on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 425 ($5.72) price target on shares of Patisserie in a research report on Wednesday, October 25th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 400 ($5.38) price target on shares of Patisserie in a research report on Tuesday, November 28th. Canaccord Genuity upped their price target on shares of Patisserie from GBX 405 ($5.45) to GBX 470 ($6.33) and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, FinnCap reaffirmed a “buy” rating and issued a GBX 360 ($4.85) price target on shares of Patisserie in a research report on Monday, October 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Patisserie currently has an average rating of “Buy” and an average target price of GBX 413.75 ($5.57).
The firm also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be given a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, January 11th. This is a boost from Patisserie’s previous dividend of $1.20.
Patisserie 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 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.
Receive News & Ratings for Patisserie Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patisserie and related companies with MarketBeat.com's FREE daily email newsletter.