Berenberg Bank Reaffirms “Buy” Rating for Patisserie (CAKE)
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).
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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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