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

Shares of Yellow Cake plc (LON:YCA) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 603 and last traded at GBX 599.50, with a volume of 6311574 shares. The stock had previously closed at GBX 592.

Wall Street Analysts Forecast Growth

YCA has been the topic of several research analyst reports. Panmure Gordon raised shares of 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. Citigroup increased their target price on Yellow Cake from GBX 570 to GBX 670 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Canaccord Genuity Group dropped 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. Finally, Berenberg Bank reduced their price target on Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 655.

Yellow Cake Stock Up 1.3%

The company’s fifty day moving average price is GBX 550.49 and its 200 day moving average price is GBX 532.12. The company has a market capitalization of £1.44 billion, a P/E ratio of -2.78 and a beta of 0.27.

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.