Patisserie Holdings PLC (LON:CAKE) declared a dividend on Monday, November 27th, Upcoming.Co.Uk reports. Shareholders 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 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. The official announcement can be seen at this link.
Shares of Patisserie (LON CAKE) opened at GBX 383 ($5.19) on Friday. The firm has a market capitalization of $382.96 and a price-to-earnings ratio of 2,393.75. Patisserie has a twelve month low of GBX 290 ($3.93) and a twelve month high of GBX 405.50 ($5.50).
Several research firms recently weighed in on CAKE. Canaccord Genuity raised their price objective on Patisserie from GBX 405 ($5.49) to GBX 470 ($6.37) and gave the company a “buy” rating in a report on Monday, November 27th. Peel Hunt reaffirmed an “add” rating and set a GBX 425 ($5.76) target price on shares of Patisserie in a report on Wednesday, October 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 400 ($5.42) target price on shares of Patisserie in a report on Tuesday, November 28th. Finally, FinnCap reissued a “buy” rating and issued a GBX 360 ($4.88) price objective on shares of Patisserie in a research report on Monday, November 27th. Five analysts have rated the stock with a buy rating, The stock presently has an average 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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