Yellow Cake (LON:YCA) Given Buy Rating at Berenberg Bank

Yellow Cake (LON:YCA)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Friday,London Stock Exchange reports. They presently have a GBX 737 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 29.53% from the company’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 740 target price on shares of Yellow Cake in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 685.40.

Yellow Cake Trading Up 2.9%

Shares of LON YCA traded up GBX 16 during midday trading on Friday, reaching GBX 569. 1,497,529 shares of the stock were exchanged, compared to its average volume of 6,720,265. The company has a market capitalization of £1.44 billion, a P/E ratio of -142.25 and a beta of 0.29. Yellow Cake has a 52-week low of GBX 462.20 and a 52-week high of GBX 751.52. The stock has a 50 day moving average price of GBX 584.24 and a 200-day moving average price of GBX 598.81.

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.