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

Berenberg Bank reiterated their buy rating on shares of Yellow Cake (LON:YCA) in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 737 price target on the stock.

Separately, Canaccord Genuity Group reiterated 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 MarketBeat.com, Yellow Cake presently has an average rating of “Buy” and a consensus price target of GBX 685.40.

Yellow Cake Stock Performance

Shares of LON:YCA traded up GBX 16 during trading on Friday, reaching GBX 569. 1,497,529 shares of the stock were exchanged, compared to its average volume of 6,720,265. Yellow Cake has a 12-month low of GBX 462.20 and a 12-month high of GBX 751.52. The firm has a market cap of £1.44 billion, a price-to-earnings ratio of -142.25 and a beta of 0.29. The firm’s 50-day moving average price is GBX 584.24 and its 200 day moving average price is 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.