Yellow Cake (LON:YCA) Sets New 12-Month High at $583.50

Yellow Cake plc (LON:YCA) reached a new 52-week high on Tuesday . The stock traded as high as GBX 583.50 ($7.30) and last traded at GBX 583.50 ($7.30), with a volume of 117299 shares traded. The stock had previously closed at GBX 578 ($7.23).

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group increased their target price on Yellow Cake from GBX 635 ($7.94) to GBX 645 ($8.07) and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Bank of America reiterated a “buy” rating and set a GBX 610 ($7.63) target price on shares of Yellow Cake in a research report on Thursday, September 28th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 658 ($8.23) target price on shares of Yellow Cake in a research report on Tuesday, October 10th.

Yellow Cake Stock Performance

The business has a fifty day moving average price of GBX 537.93 and a 200 day moving average price of GBX 463.32. The company has a market capitalization of £1.27 billion, a PE ratio of -1,256.52 and a beta of 0.31.

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.