Yellow Cake (LON:YCA) Sets New 52-Week High Following Analyst Upgrade

Shares of Yellow Cake plc (LON:YCA) hit a new 52-week high during trading on Thursday after Citigroup raised their price target on the stock from GBX 670 to GBX 700. Citigroup currently has a buy rating on the stock. Yellow Cake traded as high as GBX 643.50 and last traded at GBX 643.50, with a volume of 2062190 shares changing hands. The stock had previously closed at GBX 607.

A number of other research firms have also commented on YCA. Panmure Gordon raised Yellow Cake to a “buy” rating and increased their price target for the company from GBX 550 to GBX 630 in a research report on Tuesday, December 2nd. Canaccord Genuity Group lowered their target price on shares of Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Berenberg Bank dropped their price target on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 661.

Yellow Cake Trading Up 2.7%

The business has a fifty day moving average of GBX 562.08 and a 200-day moving average of GBX 538.64. The firm has a market cap of £1.60 billion, a PE ratio of -166.50 and a beta of 0.27.

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.