Citigroup Forecasts Strong Price Appreciation for Yellow Cake (LON:YCA) Stock

Yellow Cake (LON:YCA) had its target price upped by research analysts at Citigroup from GBX 570 to GBX 670 in a report released on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 18.37% from the stock’s current price.

A number of other research firms also recently commented on YCA. Royal Bank Of Canada restated an “outperform” rating and set a GBX 620 price objective on shares of Yellow Cake in a research note on Thursday, July 24th. Berenberg Bank reduced their price objective on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 655.

Yellow Cake Trading Up 1.6%

YCA stock opened at GBX 566 on Thursday. The stock has a 50-day moving average price of GBX 528.65 and a two-hundred day moving average price of GBX 490.53. The stock has a market cap of £1.36 billion, a PE ratio of -262.04 and a beta of 0.27. Yellow Cake has a 1 year low of GBX 359 and a 1 year high of GBX 622.79.

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.