Berenberg Bank Reaffirms Buy Rating for Yellow Cake (LON:YCA)

Yellow Cake (LON:YCA - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 712 ($8.84) price target on the stock. Berenberg Bank's price objective indicates a potential upside of 44.66% from the company's current price.

Yellow Cake Price Performance

Shares of YCA stock traded down GBX 10.30 ($0.13) during mid-day trading on Tuesday, hitting GBX 492.20 ($6.11). The company had a trading volume of 1,136,747 shares, compared to its average volume of 2,131,321. Yellow Cake has a 52-week low of GBX 461.80 ($5.74) and a 52-week high of GBX 749.50 ($9.31). The stock's 50 day moving average price is GBX 517.86 and its 200-day moving average price is GBX 533.53. The company has a market capitalization of £1.07 billion, a P/E ratio of 188.58 and a beta of 0.27.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.