Yellow Cake (LON:YCA) Price Target Cut to GBX 737 by Analysts at Berenberg Bank

Yellow Cake (LON:YCA) had its price objective lowered by equities research analysts at Berenberg Bank from GBX 738 to GBX 737 in a research report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 38.01% from the company’s current price.

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

Yellow Cake Price Performance

Shares of Yellow Cake stock opened at GBX 534 on Wednesday. The stock has a market cap of £1.35 billion, a price-to-earnings ratio of -133.50 and a beta of 0.30. The firm’s 50-day moving average is GBX 556.72 and its two-hundred day moving average is GBX 597.91. Yellow Cake has a 1 year low of GBX 462.20 and a 1 year high of GBX 751.52.

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.