Yellow Cake (LON:YCA) Stock Price Expected to Rise, Citigroup Analyst Says

Yellow Cake (LON:YCA) had its price objective lifted by Citigroup from GBX 670 to GBX 700 in a report released on Thursday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 7.94% from the stock’s previous close.

A number of other research firms also recently commented on YCA. Panmure Gordon raised shares of Yellow Cake to a “buy” rating and lifted their price objective for the stock from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Berenberg Bank decreased their price target 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. Finally, Canaccord Genuity Group dropped their price objective on shares of Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 661.

Yellow Cake Stock Up 0.8%

LON:YCA traded up GBX 5 during trading hours on Thursday, reaching GBX 648.50. 3,755,131 shares of the stock were exchanged, compared to its average volume of 2,840,022. The stock has a market capitalization of £1.56 billion, a P/E ratio of -162.13 and a beta of 0.27. The firm has a 50 day simple moving average of GBX 556.57 and a 200-day simple moving average of GBX 536.90. Yellow Cake has a 52 week low of GBX 359 and a 52 week high of GBX 661.50.

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.