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

Berenberg Bank reissued their buy rating on shares of Yellow Cake (LON:YCA) in a report published on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 704 target price on the stock.

A number of other analysts have also weighed in on YCA. Canaccord Genuity Group cut their price objective on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Panmure Gordon raised Yellow Cake to a “buy” rating and boosted their target price for the stock from GBX 550 to GBX 630 in a research note on Tuesday, December 2nd. Finally, Citigroup increased their price target on Yellow Cake from GBX 670 to GBX 700 and gave the company a “buy” rating in a research report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 666.80.

Yellow Cake Trading Up 1.5%

Shares of LON:YCA opened at GBX 679.50 on Thursday. The firm has a market capitalization of £1.63 billion, a PE ratio of -169.88 and a beta of 0.27. Yellow Cake has a 1-year low of GBX 359 and a 1-year high of GBX 691. The business’s 50 day moving average is GBX 576.16 and its 200-day moving average is GBX 544.43.

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.