Yellow Cake (LON:YCA) Shares Up 3.2% - Time to 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) shot up 3.2% during mid-day trading on Monday . The company traded as high as GBX 545.66 ($7.39) and last traded at GBX 541.50 ($7.34). 964,750 shares were traded 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 Analysts Forecast Growth

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

Yellow Cake Stock Performance

The stock's fifty day moving average price is GBX 499.93 and its two-hundred day moving average price is GBX 471.69. The company has a market cap of £1.17 billion, a P/E ratio of -250.69 and a beta of 0.27.

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.

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