Patisserie (CAKE) Upgraded by Peel Hunt to Buy

Patisserie (LON:CAKE) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a GBX 450 ($6.02) price objective on the stock, up from their previous price objective of GBX 425 ($5.68). Peel Hunt’s price objective indicates a potential upside of 27.39% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 400 ($5.35) target price on shares of Patisserie in a report on Tuesday, November 28th. Canaccord Genuity lifted their target price on shares of Patisserie from GBX 405 ($5.42) to GBX 470 ($6.28) and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, FinnCap reiterated a “buy” rating and issued a GBX 360 ($4.81) target price on shares of Patisserie in a report on Monday, November 27th. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of GBX 420 ($5.62).

Patisserie (LON:CAKE) opened at GBX 353.25 ($4.72) on Tuesday. The company has a market cap of $353.76 and a price-to-earnings ratio of 2,207.81. Patisserie has a twelve month low of GBX 290 ($3.88) and a twelve month high of GBX 389.88 ($5.21).

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About Patisserie

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 (LON:CAKE)

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