Yellow Cake’s (YCA) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Yellow Cake (LON:YCA) in a research note published on Wednesday,Digital Look reports. The brokerage currently has a GBX 737 price objective on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 740 price target on shares of Yellow Cake in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 701.75.

Yellow Cake Price Performance

LON:YCA opened at GBX 558.50 on Wednesday. The company has a market capitalization of £1.40 billion, a P/E ratio of 3.07 and a beta of 0.30. The business has a fifty day simple moving average of GBX 542.71 and a two-hundred day simple moving average of GBX 585.74. Yellow Cake has a 1 year low of GBX 462.20 and a 1 year high of GBX 751.52.

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.