Yellow Cake (LON:YCA) Raised to Buy at Panmure Gordon

Yellow Cake (LON:YCA) was upgraded by equities research analysts at Panmure Gordon to a “buy” rating in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a GBX 630 price objective on the stock, up from their prior price objective of GBX 550. Panmure Gordon’s price objective would suggest a potential upside of 17.10% from the stock’s previous close.

YCA has been the subject of several other research reports. Berenberg Bank decreased their price objective on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Citigroup boosted their target price on Yellow Cake from GBX 570 to GBX 670 and gave the company a “buy” rating in a report on Thursday, October 9th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Yellow Cake currently has a consensus rating of “Buy” and an average target price of GBX 648.75.

Yellow Cake Trading Up 2.3%

Shares of YCA stock traded up GBX 12 on Tuesday, reaching GBX 538. 1,427,726 shares of the stock were exchanged, compared to its average volume of 1,925,332. Yellow Cake has a twelve month low of GBX 359 and a twelve month high of GBX 603. The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of -2.49 and a beta of 0.27. The business’s 50 day moving average price is GBX 549.42 and its 200 day moving average price is GBX 520.20.

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.