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

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 737 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 31.26% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 740 price objective on shares of Yellow Cake in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 701.75.

Yellow Cake Trading Up 0.5%

Shares of LON YCA opened at GBX 561.50 on Wednesday. The firm has a market cap of £1.41 billion, a P/E ratio of 3.09 and a beta of 0.30. Yellow Cake has a 1-year low of GBX 462.20 and a 1-year high of GBX 751.52. The business’s 50 day moving average is GBX 542.79 and its 200-day moving average is GBX 587.47.

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.