Yellow Cake (LON:YCA) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Yellow Cake (LON:YCA) in a research report report published on Monday morning,Digital Look reports. The firm currently has a GBX 740 target price on the stock.

A number of other brokerages also recently commented on YCA. Berenberg Bank restated a “buy” rating and issued a GBX 704 target price on shares of Yellow Cake in a research note on Thursday, January 22nd. Citigroup upped 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. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake presently has an average rating of “Buy” and an average target price of GBX 678.80.

Yellow Cake Stock Down 0.2%

Shares of YCA opened at GBX 599.50 on Monday. Yellow Cake has a 52 week low of GBX 423.60 and a 52 week high of GBX 751.52. The company has a market capitalization of £1.51 billion, a price-to-earnings ratio of -149.88 and a beta of 0.26. The stock’s 50-day moving average price is GBX 608.57 and its 200-day moving average price is GBX 592.32.

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.