Yellow Cake (LON:YCA) Receives “Buy” Rating from Berenberg Bank

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a GBX 704 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 3.83% from the company’s previous close.

Several other analysts have also weighed in on the stock. Panmure Gordon raised shares of Yellow Cake to a “buy” rating and raised their price objective for the stock from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Citigroup lifted their price objective on Yellow Cake from GBX 670 to GBX 700 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Canaccord Genuity Group decreased their target price on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a report on Thursday, December 4th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 666.80.

Yellow Cake Trading Up 1.3%

Shares of YCA stock opened at GBX 678 on Thursday. Yellow Cake has a 1 year low of GBX 359 and a 1 year high of GBX 691. The firm has a market capitalization of £1.63 billion, a P/E ratio of -169.50 and a beta of 0.27. The firm’s fifty day simple moving average is GBX 570.25 and its 200 day simple moving average is GBX 541.91.

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.