Yellow Cake (LON:YCA – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Friday, Digital Look reports. They currently have a GBX 734 price objective on the stock. Berenberg Bank‘s price target would suggest a potential upside of 38.62% from the company’s previous close.
Yellow Cake Stock Down 1.0%
YCA stock opened at GBX 529.50 on Friday. The company’s 50-day moving average price is GBX 553.60 and its two-hundred day moving average price is GBX 580.54. The firm has a market cap of £1.33 billion, a P/E ratio of 2.91 and a beta of 0.30. Yellow Cake has a 12 month low of GBX 495.20 and a 12 month high of GBX 751.52.
Yellow Cake Company Profile
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.
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