Yellow Cake (LON:YCA) Stock Price Down 1% – Here’s Why

Yellow Cake plc (LON:YCA) shares fell 1% on Tuesday . The company traded as low as GBX 606 and last traded at GBX 616.58. 35,484,379 shares changed hands during trading, an increase of 260% from the average session volume of 9,862,909 shares. The stock had previously closed at GBX 623.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on YCA. Citigroup raised their target price on Yellow Cake from GBX 670 to GBX 700 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Canaccord Genuity Group reduced their price objective on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating for the company in a research note on Thursday, December 4th. Panmure Gordon upgraded Yellow Cake to a “buy” rating and upped their target price for the company from GBX 550 to GBX 630 in a research report on Tuesday, December 2nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 704 price target on shares of Yellow Cake in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 666.80.

Yellow Cake Price Performance

The business’s fifty day simple moving average is GBX 620.26 and its two-hundred day simple moving average is GBX 564.53. The company has a market cap of £1.48 billion, a PE ratio of -154.14 and a beta of 0.27.

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.