Yellow Cake (LON:YCA) Price Target Cut to GBX 680 by Analysts at Canaccord Genuity Group

Yellow Cake (LON:YCA) had its target price trimmed by Canaccord Genuity Group from GBX 695 to GBX 680 in a report released on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Berenberg Bank lowered their price objective on Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Panmure Gordon upgraded shares of Yellow Cake to a “buy” rating and lifted their price target for the stock from GBX 550 to GBX 630 in a research report on Tuesday. Finally, Citigroup increased their price objective on shares of Yellow Cake from GBX 570 to GBX 670 and gave the company a “buy” rating in a report on Thursday, October 9th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake currently has a consensus rating of “Buy” and an average price target of GBX 655.

Yellow Cake Stock Performance

LON YCA opened at GBX 543 on Thursday. The stock has a fifty day moving average of GBX 547.80 and a 200-day moving average of GBX 520.48. The stock has a market capitalization of £1.30 billion, a P/E ratio of -2.51 and a beta of 0.27. Yellow Cake has a 52 week low of GBX 359 and a 52 week high of GBX 603.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment.