Berenberg Bank Initiates Coverage on Patisserie Holdings PLC (LON:CAKE)

Research analysts at Berenberg Bank assumed coverage on shares of Patisserie Holdings PLC (LON:CAKE) in a report issued on Wednesday. The firm set a “buy” rating and a GBX 400 ($5.22) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 14.29% from the company’s previous close.

A number of other equities research analysts have also recently commented on CAKE. Canaccord Genuity restated a “buy” rating and set a GBX 405 ($5.29) target price on shares of Patisserie Holdings PLC in a research report on Wednesday, April 26th. FinnCap restated a “buy” rating and set a GBX 350 ($4.57) target price on shares of Patisserie Holdings PLC in a research report on Thursday, April 20th. Finally, Beaufort Securities restated a “buy” rating on shares of Patisserie Holdings PLC in a research report on Thursday, May 18th. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of GBX 391.25 ($5.11).

Patisserie Holdings PLC (LON:CAKE) opened at 361.50 on Wednesday. The company’s market cap is GBX 361.50 million. The stock has a 50 day moving average price of GBX 340.84 and a 200-day moving average price of GBX 330.26. Patisserie Holdings PLC has a 1-year low of GBX 253.00 and a 1-year high of GBX 380.75.

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Patisserie Holdings PLC 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 Holdings PLC (LON:CAKE)

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