Yellow Cake (LON:YCA) Reaches New 1-Year High – Here’s What Happened

Yellow Cake plc (LON:YCA)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 643.50 and last traded at GBX 643.50, with a volume of 2062190 shares trading hands. The stock had previously closed at GBX 607.

Wall Street Analysts Forecast Growth

YCA has been the subject of a number of analyst reports. Canaccord Genuity Group cut their price target on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating for the company in a report on Thursday, December 4th. Berenberg Bank cut their target price on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Citigroup raised their price target on shares of Yellow Cake from GBX 570 to GBX 670 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Panmure Gordon raised shares of Yellow Cake to a “buy” rating and boosted their price objective for the company from GBX 550 to GBX 630 in a research report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 655.

Yellow Cake Price Performance

The company has a 50-day moving average of GBX 556.57 and a two-hundred day moving average of GBX 536.90. The stock has a market capitalization of £1.53 billion, a PE ratio of -159.44 and a beta of 0.27.

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.