Yellow Cake (LON:YCA) Sets New 52-Week High – What’s Next?

Yellow Cake plc (LON:YCA)’s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 675.50 and last traded at GBX 664.50, with a volume of 2299799 shares trading hands. The stock had previously closed at GBX 669.50.

Analyst Ratings Changes

Several research analysts have recently issued reports on YCA shares. Berenberg Bank lowered their price target on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a report on Tuesday, September 30th. Citigroup upped their target price on Yellow Cake from GBX 670 to GBX 700 and gave the stock a “buy” rating in a report on Thursday, January 15th. Canaccord Genuity Group dropped their target price on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating for the company in a research report on Thursday, December 4th. Finally, Panmure Gordon raised Yellow Cake to a “buy” rating and lifted their price target for the company from GBX 550 to GBX 630 in a research note on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 661.

Yellow Cake Stock Down 0.9%

The company has a market cap of £1.58 billion, a P/E ratio of -164.56 and a beta of 0.27. The firm’s 50 day moving average is GBX 567.61 and its two-hundred day moving average is GBX 541.02.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.