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

Yellow Cake plc (LON:YCA)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 643.50 and last traded at GBX 643.50, with a volume of 2062190 shares trading hands. The stock had previously closed at GBX 607.

Analysts Set New Price Targets

A number of equities research analysts have commented on YCA shares. Canaccord Genuity Group reduced their target price on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating for the company in a report on Thursday, December 4th. Panmure Gordon upgraded 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 boosted their price objective on shares of Yellow Cake from GBX 570 to GBX 670 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Berenberg Bank dropped their target price on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a report on Tuesday, September 30th. 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 655.

Yellow Cake Stock Performance

The firm has a market capitalization of £1.53 billion, a PE ratio of -159.44 and a beta of 0.27. The firm’s 50-day moving average is GBX 556.57 and its 200 day moving average is GBX 536.90.

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.