Yellow Cake (LON:YCA) Stock Price Up 7.7% - Here's What Happened

Key Points

• Yellow Cake plc experienced a significant stock price increase of 7.7%, reaching GBX 563 ($7.66) during trading on Tuesday.
• Analysts have set varied price targets, with Berenberg Bank suggesting a target of GBX 682 and Royal Bank of Canada setting a target of GBX 620, while the consensus target price stands at GBX 651.
• The company operates in the uranium sector, focusing on the purchase and holding of uranium oxide concentrates since its incorporation in 2018.

Yellow Cake plc (LON:YCA - Get Free Report)'s stock price rose 7.7% during trading on Tuesday . The stock traded as high as GBX 563 ($7.66) and last traded at GBX 559 ($7.60). Approximately 3,744,624 shares were traded during trading, an increase of 153% from the average daily volume of 1,481,215 shares. The stock had previously closed at GBX 519 ($7.06).

Analysts Set New Price Targets

YCA has been the subject of several recent analyst reports. Berenberg Bank reaffirmed 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 reaffirmed an "outperform" rating and set a GBX 620 price objective on shares of Yellow Cake in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Yellow Cake presently has a consensus rating of "Buy" and a consensus target price of GBX 651.

Yellow Cake Stock Up 7.4%

The stock's fifty day moving average price is GBX 501.06 and its 200 day moving average price is GBX 474.32. The stock has a market cap of £1.21 billion, a PE ratio of -258.08 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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