Patisserie (LON:CAKE)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Thursday. They presently have a GBX 400 ($5.53) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 17.65% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Peel Hunt upgraded shares of Patisserie to a “buy” rating and raised their price target for the company from GBX 425 ($5.87) to GBX 450 ($6.22) in a report on Tuesday, January 2nd. Canaccord Genuity raised their target price on shares of Patisserie from GBX 405 ($5.60) to GBX 470 ($6.49) and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, FinnCap reiterated a “buy” rating and issued a GBX 360 ($4.97) target price on shares of Patisserie in a research note on Monday, November 27th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of GBX 420 ($5.80).

Patisserie (CAKE) opened at GBX 340 ($4.70) on Thursday. The firm has a market cap of $340.85 and a price-to-earnings ratio of 2,125.00. Patisserie has a twelve month low of GBX 290 ($4.01) and a twelve month high of GBX 406 ($5.61).

In related news, insider Paul Edward May sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of GBX 330 ($4.56), for a total value of £3,300,000 ($4,559,270.52). Also, insider Christopher David Marsh sold 666,666 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of GBX 360 ($4.97), for a total transaction of £2,399,997.60 ($3,315,829.79).

TRADEMARK VIOLATION WARNING: “Berenberg Bank Reaffirms “Buy” Rating for Patisserie (CAKE)” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/15/berenberg-bank-reaffirms-buy-rating-for-patisserie-cake.html.

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.

Analyst Recommendations for Patisserie (LON:CAKE)

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.