Real Good Food’s Brighter future

Acquisition brightens the outlook for cake decoration-to-premium bakery business

Cake decoration-to-premium bakery play Real Good Food’s (RGD:AIM) acquisition (5 Apr) of a majority stake in Wales-based Brighter Foods could be a winner. A maker of healthy snack bars sold through Slimming World and Tesco (TSCO), Brighter Foods gives earnings forecasts an immediate boost. FinnCap upgrades its target price to 75p; more than double the current 35.5p market price.

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