Yellow Cake's (YCA) Outperform Rating Reiterated at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reissued an "outperform" rating for Yellow Cake (LON:YCA) with a target price of GBX 620, suggesting a potential upside of 20.86% from the stock's previous close.
• Berenberg Bank has lowered its price target for Yellow Cake to GBX 682 while maintaining a "buy" rating following their recent analysis.
• The stock opened at GBX 513 and has experienced fluctuations over the past year, with a 12-month low of GBX 359 and a high of GBX 622.79.

Royal Bank Of Canada reiterated their outperform rating on shares of Yellow Cake (LON:YCA - Free Report) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a GBX 620 ($8.33) price objective on the stock.

Separately, Berenberg Bank reduced their target price on shares of Yellow Cake from GBX 708 ($9.51) to GBX 682 ($9.17) and set a "buy" rating for the company in a report on Wednesday, July 2nd.

Yellow Cake Stock Down 0.6%

Yellow Cake stock traded down GBX 3 ($0.04) during midday trading on Thursday, hitting GBX 507 ($6.81). The company's stock had a trading volume of 672,393 shares, compared to its average volume of 1,383,722. Yellow Cake has a 12 month low of GBX 359 ($4.82) and a 12 month high of GBX 622.79 ($8.37). The company has a market capitalization of £1.10 billion, a PE ratio of 1.90 and a beta of 0.27. The stock's 50-day moving average price is GBX 499.66 and its 200-day moving average price is GBX 469.63.

About Yellow Cake

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.