Yellow Cake (LON:YCA) Shares Down 0.6% - What's Next?

Key Points

• Yellow Cake plc's shares fell by 0.6% to GBX 528.50 ($7.07) with a trading volume increase of 180% compared to the average daily volume.
• Equity analysts have a positive outlook, with Citigroup raising its price target to GBX 670 and maintaining a "buy" rating, while three analysts rated the stock as a "buy" with an average price target of GBX 655.
• Yellow Cake operates in the uranium sector, focusing on the purchase and holding of uranium oxide concentrates, and has a market capitalization of £1.27 billion.

Shares of Yellow Cake plc (LON:YCA - Get Free Report) were down 0.6% during mid-day trading on Tuesday . The company traded as low as GBX 518 ($6.93) and last traded at GBX 528.50 ($7.07). Approximately 4,584,335 shares traded hands during trading, an increase of 180% from the average daily volume of 1,634,657 shares. The stock had previously closed at GBX 531.50 ($7.11).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on YCA shares. Citigroup lifted their price target on shares of Yellow Cake from GBX 570 to GBX 670 and gave the company a "buy" rating in a research report on Thursday, October 9th. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 620 price objective on shares of Yellow Cake in a research note on Thursday, July 24th. Finally, Berenberg Bank dropped 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 655.

Yellow Cake Trading Down 0.6%

The stock's 50 day moving average price is GBX 536.34 and its two-hundred day moving average price is GBX 497.16. The firm has a market capitalization of £1.27 billion, a PE ratio of -2.45 and a beta of 0.27.

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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