Yellow Cake (LON:YCA) Trading 0.9% Higher – Time to Buy?

Yellow Cake plc (LON:YCA) traded up 0.9% during mid-day trading on Friday . The company traded as high as GBX 498.60 ($6.76) and last traded at GBX 497 ($6.74). 448,522 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,314,692 shares. The stock had previously closed at GBX 492.80 ($6.68).

Analysts Set New Price Targets

Several equities analysts have weighed in on YCA shares. Berenberg Bank restated a “buy” rating and set a GBX 682 ($9.24) price target on shares of Yellow Cake in a report on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 620 ($8.40) price target on shares of Yellow Cake in a report on Thursday, July 24th.

Yellow Cake Trading Up 0.9%

The firm’s 50-day moving average price is GBX 504.09 and its two-hundred day moving average price is GBX 468.27. The stock has a market cap of £1.08 billion, a PE ratio of 1.86 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.