Yellow Cake (LON:YCA) Shares Up 7.7% - Here's Why

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) shares traded up 7.7% on Tuesday . The stock traded as high as GBX 563 ($7.59) and last traded at GBX 559 ($7.53). 3,744,624 shares were traded during trading, an increase of 153% from the average session volume of 1,481,215 shares. The stock had previously closed at GBX 519 ($6.99).

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 620 price objective on shares of Yellow Cake in a research report on Thursday, July 24th. Berenberg Bank reiterated a "buy" rating and set a GBX 682 price objective on shares of Yellow Cake in a research report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 651.

Yellow Cake Stock Up 1.3%

The stock has a market capitalization of £1.15 billion, a P/E ratio of -246.06 and a beta of 0.27. The business's 50 day simple moving average is GBX 504.99 and its two-hundred day simple moving average is GBX 476.53.

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.