Yellow Cake (LON:YCA) Hits New 1-Year High – Still a Buy?

Yellow Cake plc (LON:YCA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 705.50 and last traded at GBX 667.50, with a volume of 4052411 shares traded. The stock had previously closed at GBX 679.50.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on YCA shares. Canaccord Genuity Group decreased their price objective on shares of Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating for the company in a research note on Thursday, December 4th. Citigroup lifted their target price on shares of Yellow Cake from GBX 670 to GBX 700 and gave the company a “buy” rating in a report on Thursday, January 15th. Panmure Gordon upgraded Yellow Cake to a “buy” rating and increased their price target for the company from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 704 target price on shares of Yellow Cake in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 666.80.

Yellow Cake Stock Up 1.9%

The company has a market capitalization of £1.76 billion, a price-to-earnings ratio of -183.88 and a beta of 0.27. The firm has a 50 day moving average price of GBX 586.28 and a two-hundred day moving average price of GBX 548.79.

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.