Yellow Cake (LON:YCA) Price Target Cut to GBX 737 by Analysts at Berenberg Bank

Yellow Cake (LON:YCA) had its target price cut by research analysts at Berenberg Bank from GBX 738 to GBX 737 in a research report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 38.01% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 740 price objective on shares of Yellow Cake in a report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake currently has a consensus rating of “Buy” and a consensus target price of GBX 685.40.

Yellow Cake Trading Up 0.5%

Shares of YCA opened at GBX 534 on Wednesday. The firm has a market capitalization of £1.35 billion, a P/E ratio of -133.50 and a beta of 0.30. Yellow Cake has a 12-month low of GBX 462.20 and a 12-month high of GBX 751.52. The firm has a fifty day moving average price of GBX 556.72 and a 200-day moving average price of GBX 597.91.

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.