Cake Box’s (CBOX) “Buy” Rating Reiterated at Panmure Gordon

Panmure Gordon reaffirmed their buy rating on shares of Cake Box (LON:CBOX) in a research note published on Tuesday morning. Panmure Gordon currently has a GBX 220 ($2.72) target price on the stock.

Cake Box Price Performance

Shares of CBOX opened at GBX 190 ($2.35) on Tuesday. Cake Box has a one year low of GBX 155 ($1.92) and a one year high of GBX 200 ($2.48). The company has a market cap of £76 million, a P/E ratio of 1,727.27 and a beta of 1.19. The company has a debt-to-equity ratio of 18.51, a current ratio of 2.50 and a quick ratio of 1.99. The firm has a 50 day simple moving average of GBX 191.51 and a two-hundred day simple moving average of GBX 181.41.

Cake Box Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a dividend of GBX 3.40 ($0.04) per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 1.81%. Cake Box’s dividend payout ratio (DPR) is presently 8,181.82%.

About Cake Box

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles. It also engages in the franchising of specialist cake stores; and property rental activities.