Yellow Cake (LON:YCA) Price Target Raised to GBX 700

Yellow Cake (LON:YCA) had its target price upped by Citigroup from GBX 670 to GBX 700 in a research note issued on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 7.94% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Berenberg Bank lowered their price objective on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Canaccord Genuity Group decreased their price target 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 upgraded Yellow Cake to a “buy” rating and boosted their price objective for the stock from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 661.

Yellow Cake Trading Up 0.8%

LON:YCA traded up GBX 5 during mid-day trading on Thursday, reaching GBX 648.50. 3,755,131 shares of the stock were exchanged, compared to its average volume of 2,840,022. The business has a fifty day moving average price of GBX 556.57 and a 200 day moving average price of GBX 536.90. The firm has a market capitalization of £1.56 billion, a PE ratio of -162.13 and a beta of 0.27. Yellow Cake has a 1-year low of GBX 359 and a 1-year high of GBX 661.50.

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.