Patisserie Holdings PLC (LON:CAKE) had its price objective lifted by equities research analysts at Canaccord Genuity from GBX 405 ($5.40) to GBX 470 ($6.27) in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 38.24% from the stock’s previous close.
A number of other brokerages have also recently issued reports on CAKE. FinnCap reaffirmed a “buy” rating and issued a GBX 360 ($4.80) target price on shares of Patisserie in a report on Monday, October 16th. Peel Hunt reaffirmed an “add” rating and issued a GBX 425 ($5.67) target price on shares of Patisserie in a report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 411 ($5.48).
Shares of Patisserie (LON CAKE) traded up GBX 26.25 ($0.35) on Monday, reaching GBX 340 ($4.53). The company’s stock had a trading volume of 350,348 shares, compared to its average volume of 140,823. Patisserie has a fifty-two week low of GBX 253 ($3.37) and a fifty-two week high of GBX 380.75 ($5.08).
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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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