Yellow Cake (LON:YCA) Trading Up 0.9% - Here's Why

Key Points

• Yellow Cake plc (LON:YCA) experienced a 0.9% increase in stock price, trading at approximately GBX 497 ($6.74) with a notable decline in trading volume.
• Equities analysts maintain positive outlooks, with Berenberg Bank setting a price target of GBX 682 ($9.24) and Royal Bank of Canada citing a target of GBX 620 ($8.40).
• The company specializes in the uranium sector, focusing on the purchasing and holding of uranium oxide concentrates.

Yellow Cake plc (LON:YCA - Get Free Report) shares rose 0.9% during mid-day trading on Friday . The company traded as high as GBX 498.60 ($6.74) and last traded at GBX 497 ($6.71). Approximately 448,522 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 1,314,692 shares. The stock had previously closed at GBX 492.80 ($6.66).

Analyst Ratings Changes

YCA has been the topic of a number of recent research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 682 target price on shares of Yellow Cake in a report 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 report on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake currently has an average rating of "Buy" and an average price target of GBX 651.

Yellow Cake Stock Performance

The business's 50-day moving average is GBX 503.86 and its 200-day moving average is GBX 467.94. The company has a market capitalization of £1.04 billion, a PE ratio of 1.80 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.