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 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 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 388.50 ($5.19) on Friday. Patisserie has a 1 year low of GBX 290 ($3.88) and a 1 year high of GBX 390 ($5.21). The firm has a market cap of $385.00 and a price-to-earnings ratio of 2,428.13.
A number of equities analysts recently weighed in on CAKE shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 400 ($5.35) price objective on shares of Patisserie in a research report on Tuesday, November 28th. FinnCap reiterated a “buy” rating and issued a GBX 360 ($4.81) price objective on shares of Patisserie in a research report on Monday, November 27th. Peel Hunt reiterated an “add” rating and issued a GBX 425 ($5.68) price objective on shares of Patisserie in a research report on Monday, November 27th. Finally, Canaccord Genuity lifted their price objective on shares of Patisserie from GBX 405 ($5.42) to GBX 470 ($6.28) and gave the company a “buy” rating in a research report on Monday, November 27th. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of GBX 420 ($5.62).
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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