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 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.
Patisserie (LON:CAKE) opened at GBX 398 ($5.40) on Wednesday. Patisserie has a one year low of GBX 290 ($3.93) and a one year high of GBX 405.50 ($5.50). The firm has a market cap of $403.21 and a PE ratio of 2,487.50.
Several analysts have commented on the company. Canaccord Genuity lifted their price target 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 restated an “add” rating and issued a GBX 425 ($5.76) price target on shares of Patisserie in a report on Wednesday, October 25th. Berenberg Bank restated a “buy” rating and issued a GBX 400 ($5.42) price target on shares of Patisserie in a report on Tuesday, November 28th. Finally, FinnCap restated a “buy” rating and issued a GBX 360 ($4.88) price target on shares of Patisserie in a report on Monday, November 27th. Five 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 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.
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