Yellow Cake (LON:YCA) Price Target Raised to GBX 670 at Citigroup

Key Points

• Citigroup raised Yellow Cake's price target from GBX 570 to GBX 670, indicating a potential upside of 18.27% from the current stock price.
• Royal Bank of Canada and Berenberg Bank have also issued positive ratings on Yellow Cake, with targets of GBX 620 and 675 respectively.
• Yellow Cake plc operates in the uranium sector and has a market cap of £1.36 billion, reflecting a significant presence in the industry since its incorporation in 2018.

Yellow Cake (LON:YCA - Get Free Report) had its price target lifted by equities researchers at Citigroup from GBX 570 to GBX 670 in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 18.27% from the stock's current price.

YCA has been the subject of several other reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 620 price target on shares of Yellow Cake in a research note on Thursday, July 24th. Berenberg Bank reduced 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. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake has an average rating of "Buy" and a consensus target price of GBX 655.

Yellow Cake Price Performance

Shares of Yellow Cake stock opened at GBX 566.50 on Thursday. The company has a 50-day moving average of GBX 525.60 and a 200 day moving average of GBX 489.10. The firm has a market cap of £1.36 billion, a price-to-earnings ratio of -262.27 and a beta of 0.27. Yellow Cake has a 1 year low of GBX 359 and a 1 year high of GBX 622.79.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.

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