Yellow Cake’s (YCA) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Yellow Cake (LON:YCA) in a research report released on Friday morning,London Stock Exchange reports. They currently have a GBX 737 target price on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 740 price objective on shares of Yellow Cake in a report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake currently has an average rating of “Buy” and a consensus price target of GBX 685.40.

Yellow Cake Stock Performance

LON:YCA traded up GBX 16 on Friday, hitting GBX 569. 1,497,529 shares of the stock were exchanged, compared to its average volume of 6,720,265. The stock has a market capitalization of £1.44 billion, a price-to-earnings ratio of -142.25 and a beta of 0.29. Yellow Cake has a 52 week low of GBX 462.20 and a 52 week high of GBX 751.52. The company’s 50-day moving average price is GBX 584.24 and its 200 day moving average price is GBX 598.81.

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.