Yellow Cake (LON:YCA) Trading Up 3.2% - Still a Buy?

Key Points

• Yellow Cake plc shares rose by 3.2%, trading at GBX 541.50 ($7.34), although the trading volume decreased by 35% compared to the average session.
• Wall Street analysts maintain a consensus rating of "Buy" for Yellow Cake, with target prices of GBX 682 from Berenberg Bank and GBX 620 from Royal Bank of Canada.
• The company operates in the uranium sector, focusing on the purchase and holding of uranium oxide concentrates and related opportunities, with a current market cap of £1.17 billion.

Yellow Cake plc (LON:YCA - Get Free Report)'s share price shot up 3.2% on Monday . The company traded as high as GBX 545.66 ($7.40) and last traded at GBX 541.50 ($7.35). 964,750 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 1,474,125 shares. The stock had previously closed at GBX 524.50 ($7.11).

Wall Street Analyst Weigh In

A number of research analysts have commented on YCA shares. Berenberg Bank restated a "buy" rating and set a GBX 682 price objective on shares of Yellow Cake in a research note on Thursday, July 24th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 620 target price on shares of Yellow Cake in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 651.

Yellow Cake Stock Performance

The firm's 50 day simple moving average is GBX 500.67 and its 200-day simple moving average is GBX 473.74. The company has a market capitalization of £1.14 billion, a price-to-earnings ratio of -243.06 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.