Yellow Cake (LON:YCA) Hits New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on YCA shares. Canaccord Genuity Group dropped their target price 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. Berenberg Bank reissued a “buy” rating and set a GBX 704 price target on shares of Yellow Cake in a research note on Thursday, January 22nd. Citigroup boosted their price objective on shares of Yellow Cake from GBX 670 to GBX 700 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Panmure Gordon raised shares of Yellow Cake to a “buy” rating and increased their target price for the company from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 666.80.

Yellow Cake Stock Down 1.0%

The stock has a market cap of £1.59 billion, a P/E ratio of -165.25 and a beta of 0.27. The company has a 50-day simple moving average of GBX 579.15 and a two-hundred day simple moving average of GBX 546.23.

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.