Berenberg Bank Issues Pessimistic Forecast for Yellow Cake (LON:YCA) Stock Price

Yellow Cake (LON:YCA) had its target price dropped by research analysts at Berenberg Bank from GBX 738 to GBX 737 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 40.25% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 740 price target on shares of Yellow Cake in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 685.40.

Yellow Cake Stock Down 1.0%

Shares of Yellow Cake stock opened at GBX 525.50 on Wednesday. Yellow Cake has a 52 week low of GBX 462.20 and a 52 week high of GBX 751.52. The business has a 50 day moving average price of GBX 553.87 and a 200-day moving average price of GBX 597.11. The company has a market cap of £1.32 billion, a PE ratio of -131.38 and a beta of 0.30.

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.