Patisserie Holdings PLC (LON:CAKE) declared a dividend on Monday, November 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 11th will be paid 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.
Shares of Patisserie (LON:CAKE) traded up GBX 3.50 ($0.05) on Friday, hitting GBX 388.50 ($5.27). The company had a trading volume of 82,316 shares, compared to its average volume of 80,697. Patisserie has a 12 month low of GBX 290 ($3.93) and a 12 month high of GBX 405.50 ($5.50). The company has a market cap of $391.11 and a PE ratio of 2,428.13.
A number of equities research analysts recently commented on CAKE shares. Peel Hunt raised Patisserie to a “buy” rating and increased their price target for the company from GBX 425 ($5.76) to GBX 450 ($6.10) in a research report on Tuesday, January 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 400 ($5.42) price objective on shares of Patisserie in a report on Tuesday, November 28th. Canaccord Genuity lifted their price objective on Patisserie from GBX 405 ($5.49) to GBX 470 ($6.37) and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, FinnCap reissued a “buy” rating and issued a GBX 360 ($4.88) price objective on shares of Patisserie in a report on Monday, October 16th. Five equities research analysts have rated the stock with a buy rating, Patisserie presently has a consensus rating of “Buy” and an average target price of GBX 420 ($5.70).
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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