Yellow Cake’s (YCA) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Yellow Cake (LON:YCA) in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 704 target price on the stock.

A number of other equities research analysts have also recently commented on YCA. Citigroup raised their target price on Yellow Cake from GBX 670 to GBX 700 and gave the company a “buy” rating in a research report on Thursday, January 15th. Canaccord Genuity Group lowered their price target on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Finally, Panmure Gordon upgraded Yellow Cake to a “buy” rating and boosted their price objective for the company from GBX 550 to GBX 630 in a research report on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 666.80.

Yellow Cake Stock Performance

YCA opened at GBX 669.50 on Thursday. The company has a fifty day moving average of GBX 573.06 and a two-hundred day moving average of GBX 542.79. The stock has a market capitalization of £1.61 billion, a price-to-earnings ratio of -167.38 and a beta of 0.27. Yellow Cake has a fifty-two week low of GBX 359 and a fifty-two week high of GBX 691.

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. 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.