Yellow Cake (LON:YCA) Earns Buy Rating from Berenberg Bank

Yellow Cake (LON:YCA – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 737 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 29.53% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 740 price target on shares of Yellow Cake in a research report on Monday, April 27th. Five equities 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 685.40.

Get Yellow Cake alerts:

Check Out Our Latest Analysis on Yellow Cake

Yellow Cake Price Performance

Shares of LON:YCA traded up GBX 16 during midday trading on Friday, reaching GBX 569. 1,497,529 shares of the company’s stock were exchanged, compared to its average volume of 6,720,265. The stock has a market cap of £1.44 billion, a price-to-earnings ratio of -142.25 and a beta of 0.29. Yellow Cake has a fifty-two week low of GBX 462.20 and a fifty-two week high of GBX 751.52. The firm’s 50 day simple moving average is GBX 584.24 and its two-hundred day simple moving average is GBX 598.81.

Yellow Cake Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Yellow Cake
• RH’s Strong Q1 Still Leaves Investors With One Big Question
• Iran Ceasefire or Not, These 3 Companies Could Win
• Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the Play
• Summer Is Coming–But There’s No End in Sight for This Crypto Winter

Receive News & Ratings for Yellow Cake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yellow Cake and related companies with MarketBeat.com's FREE daily email newsletter.