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

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

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

Yellow Cake Trading Up 2.9%

Shares of YCA traded up GBX 16 during trading hours on Friday, reaching GBX 569. The company had a trading volume of 1,497,529 shares, compared to its average volume of 6,720,265. The firm has a 50 day simple moving average of GBX 584.24 and a 200-day simple moving average of GBX 598.81. The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of -142.25 and a beta of 0.29. Yellow Cake has a 12-month low of GBX 462.20 and a 12-month high of GBX 751.52.

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.