Patisserie Holdings PLC (CAKE) to Issue Dividend of GBX 2.40
Patisserie Holdings PLC (LON:CAKE) declared a dividend on Monday, November 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 11th will be given a dividend of GBX 2.40 ($0.03) per share on Friday, February 9th. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, January 11th. This is an increase from Patisserie’s previous dividend of $1.20. The official announcement can be viewed at this link.
Patisserie (LON:CAKE) opened at GBX 388.50 ($5.19) on Friday. The firm has a market capitalization of $385.00 and a PE ratio of 2,428.13. Patisserie has a 52-week low of GBX 290 ($3.88) and a 52-week high of GBX 390 ($5.21).
Several research firms have recently weighed in on CAKE. Peel Hunt reaffirmed an “add” rating and set a GBX 425 ($5.68) price objective on shares of Patisserie in a research report on Monday, November 27th. Canaccord Genuity upped their price objective on Patisserie from GBX 405 ($5.42) to GBX 470 ($6.28) and gave the stock a “buy” rating in a research report on Monday, November 27th. FinnCap reaffirmed a “buy” rating and set a GBX 360 ($4.81) price objective on shares of Patisserie in a research report on Monday, November 27th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 400 ($5.35) price objective on shares of Patisserie in a research report on Tuesday, November 28th. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of GBX 420 ($5.62).
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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.
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