Yellow Cake (LON:YCA) Given Buy Rating at Berenberg Bank

Key Points

• Yellow Cake (LON:YCA) has received a "buy" rating from Berenberg Bank, with a price target of GBX 682 ($9.21), indicating a potential upside of 35.37% from its previous close.
• Royal Bank of Canada has reaffirmed an "outperform" rating for Yellow Cake, setting a price target of GBX 620 ($8.37) on the stock.
• During trading, Yellow Cake's stock fell to GBX 503.80 ($6.81) despite a higher trading volume of 1,643,725 shares, above its average volume of 1,390,514.
• Yellow Cake plc specializes in the uranium sector, focusing on acquiring and holding uranium oxide concentrates, having been incorporated in 2018 and based in Saint Helier, Jersey.

Yellow Cake (LON:YCA - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 682 ($9.11) price objective on the stock. Berenberg Bank's price objective suggests a potential upside of 36.78% from the stock's current price.

Separately, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 620 ($8.28) price target on shares of Yellow Cake in a report on Thursday, July 24th.

Yellow Cake Price Performance

LON YCA traded up GBX 4.40 ($0.06) during trading on Thursday, hitting GBX 498.60 ($6.66). The company's stock had a trading volume of 665,673 shares, compared to its average volume of 1,377,308. The company has a market cap of £1.08 billion, a PE ratio of 1.87 and a beta of 0.27. The business's 50 day simple moving average is GBX 500.28 and its 200-day simple moving average is GBX 469.36. Yellow Cake has a fifty-two week low of GBX 359 ($4.80) and a fifty-two week high of GBX 622.79 ($8.32).

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.