Cake Box (LON:CBOX) Sets New 12-Month High – Here’s Why

Shares of Cake Box Holdings Plc (LON:CBOX) reached a new 52-week high on Wednesday . The stock traded as high as GBX 210 ($2.65) and last traded at GBX 205 ($2.59), with a volume of 51868 shares changing hands. The stock had previously closed at GBX 205 ($2.59).

Analysts Set New Price Targets

Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 220 ($2.78) price objective on shares of Cake Box in a research note on Tuesday, December 31st.

Cake Box Stock Performance

The company has a market capitalization of £81.68 million, a P/E ratio of 17.53 and a beta of 1.19. The firm has a 50 day moving average price of GBX 190.03 and a two-hundred day moving average price of GBX 184.57. The company has a debt-to-equity ratio of 18.51, a quick ratio of 1.99 and a current ratio of 2.50.

Cake Box Company Profile

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.