Yellow Cake (LON:YCA) Shares Down 0.7% – Time to Sell?

Shares of Yellow Cake plc (LON:YCA) fell 0.7% during trading on Friday . The company traded as low as GBX 578.50 and last traded at GBX 584.50. 170,446 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,995,816 shares. The stock had previously closed at GBX 588.50.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Berenberg Bank cut their price objective on Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Panmure Gordon raised Yellow Cake to a “buy” rating and lifted their target price for the stock from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Finally, Citigroup upped their target price on Yellow Cake from GBX 570 to GBX 670 and gave the company a “buy” rating in a research report on Thursday, October 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Yellow Cake currently has an average rating of “Buy” and a consensus target price of GBX 655.

Yellow Cake Trading Down 0.7%

The firm has a market cap of £1.40 billion, a price-to-earnings ratio of -2.71 and a beta of 0.27. The company has a fifty day moving average price of GBX 543.78 and a 200-day moving average price of GBX 529.02.

Yellow Cake Company Profile

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. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.