Arden Partners retained Patisserie Holdings Plc (LON:CAKE) to Buy in a report released today.
- Updated: November 30, 2016
Arden Partners has retained Patisserie Holdings Plc (LON:CAKE) to Buy in a report released on Wednesday November 30, 2016.
Previously on 11/29/2016, Canaccord Genuity reported on Patisserie Holdings Plc (LON:CAKE) raised the target price from 380.00GBX to 405.00GBX. At the time, this indicated a possible upside of 0.50%.
Yesterday Patisserie Holdings Plc (LON:CAKE) traded -2.31% lower at 274.88GBX. The company’s 50-day moving average is 281.06GBX and its 200-day moving average is 305.12GBX. The last closing price is down -13.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 268,625 shares of the stock were exchanged, up from an average trading volume of 187,985
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Patisserie Holdings Plc has a 52 week low of 252.31GBX and a 52 week high of 483.02GBX with a P/E ratio of 21.10 The company’s market cap is currently 0 GBX.
In addition to Arden Partners reporting its target price, a total of 4 brokers have issued a report on the stock. The consensus target price is 379.25GBX with 3 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Patisserie Holdings Plc (LON:CAKE)
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 from approximately 140 stores and Flour Power City Bakery in the United Kingdom. Its segments include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts. It offers cakes in categories, including celebration cakes, wedding cakes and individual treats. It also offers create-a-cake feature, which allows its customers to design gateaux. The Company manufactures its products in approximately seven bakeries. The Company sells its products primarily through stores and through an online channel. The Company's brand, Druckers, offers a counter service. Its brand, Philpotts, is a sandwich retailer. The Company also offers afternoon tea. It manufactures gelato, an Italian style ice cream, in a range of flavors. It manufactures confectioneries, such as truffles and marzipan figures. It also offers function rooms.
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