Cake Box (LON:CBOX) Sets New 12-Month High – Still a Buy?

Cake Box Holdings Plc (LON:CBOX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company 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).

Analyst Upgrades and Downgrades

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

Cake Box Price Performance

The business has a fifty day moving average price of GBX 189.65 and a 200 day moving average price of GBX 184.07. 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 company has a market capitalization of £83.72 million, a price-to-earnings ratio of 17.97 and a beta of 1.19.

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.